XML 40 R32.htm IDEA: XBRL DOCUMENT
v3.26.1

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of reportable segment net income (loss) | The Company's reportable segment net income (loss) for the three and six months ended June 30, 2026 and 2025, consisted of the following (in thousands):
| Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Grant revenue | $ | 736 |  |  | $ | — |  |  | $ | 1,094 |  |  | $ | — |
Significant segment expenses: |  |  |  |  |  |  |  |  |  |  |
Live biotherapeutics platform | $ | 4,875 |  |  | $ | 5,808 |  |  | $ | 11,408 |  |  | $ | 10,931 |
SER-155 |  | 99 |  |  |  | 1,044 |  |  |  | 746 |  |  |  | 1,621 |
R&D personnel-related (including stock-based compensation) |  | 3,680 |  |  |  | 6,084 |  |  |  | 9,600 |  |  |  | 12,202 |
G&A personnel-related (including stock-based compensation) |  | 2,671 |  |  |  | 3,725 |  |  |  | 5,962 |  |  |  | 7,898 |
Professional fees |  | 1,442 |  |  |  | 2,155 |  |  |  | 3,156 |  |  |  | 5,335 |
Facility-related and other |  | 2,948 |  |  |  | 4,373 |  |  |  | 6,013 |  |  |  | 8,908 |
Impairment of long-lived assets |  | 5,807 |  |  |  | — |  |  |  | 5,807 |  |  |  | — |
Gain on sale of VOWST Business (2) |  | (25,000 | ) |  |  | (185 | ) |  |  | (25,000 | ) |  |  | (52,366 | )
Other segment (income) expense (1) |  | (367 | ) |  |  | (3,149 | ) |  |  | (1,266 | ) |  |  | (7,356 | )
Net income (loss) | $ | 4,581 |  |  | $ | (19,855 | ) |  | $ | (15,332 | ) |  | $ | 12,827 |
[1] Other segment (income) expense includes manufacturing services expenses, research and development expenses on early stage programs, interest income and other (income) expense, net. [2] See Note 3, Discontinued Operations and TSA, for further details.

X
- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration