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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Summary of Segment Reconciliation

 

 

Three Months Ended March 31,

 

(in thousands)

 

2025

 

 

2024

 

Research and development:

 

 

 

 

 

 

Salaries and staff costs

 

$

1,969

 

 

$

1,868

 

Stock-based compensation

 

 

515

 

 

 

389

 

Clinical trials, outside services, and lab supplies

 

 

7,497

 

 

 

5,253

 

Facilities and other

 

 

496

 

 

 

498

 

Total research and development

 

$

10,477

 

 

$

8,008

 

Selling, general and administrative:

 

 

 

 

 

 

Salaries and staff costs

 

$

925

 

 

$

907

 

Stock-based compensation

 

 

850

 

 

 

735

 

Outside services and professional fees

 

 

1,798

 

 

 

983

 

Facilities and other

 

 

441

 

 

 

505

 

Total selling, general and administrative

 

$

4,014

 

 

$

3,130

 

Schedule of Antidilutive Securities Excluded from the Calculation of Diluted Net Loss per Share

The following table sets forth the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their effect was anti-dilutive:

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

Options to purchase Common Stock

 

 

10,823,072

 

 

 

8,297,292

 

Warrants to purchase Common Stock

 

 

2,807,353

 

 

 

2,807,948

 

Series A Convertible Preferred Stock

 

 

877

 

 

 

877

 

 

 

13,631,302

 

 

 

11,106,117