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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

Stock-based compensation has been recognized in operating results as follows:

(in thousands)		Years ended December 31,
		2025				2024
Research and development expenses		$	2,376			$	1,660
Selling, general and administrative expenses			3,317				3,100
Total stock-based compensation		$	5,693			$	4,760

Schedule of Assumptions to Estimate Fair Value of Stock Option Awards

The estimated fair value of stock option awards was determined on the date of grant using the Black-Scholes option valuation model with the following assumptions during the years indicated below:

		Years ended December 31,
		2025		2024
Risk-free interest rate (range)		3.89% - 4.11%		4.04% - 4.27%
Dividend yield		0%		0%
Expected volatility (range)		104% - 106%		103% - 107%
Expected term (in years)		6.2		5.8

Summary of Stock Option Activity

A summary of stock option activity and of changes in stock options outstanding is presented below:

		Number of Options				Weighted- Average Exercise Price Per Share				Intrinsic Value				Weighted- Average Remaining Contractual Life
Balance outstanding, December 31, 2024			8,334,765			$	3.88			$	11,668,989			7.5 years
Granted			3,368,632			$	3.59
Exercised			(283,065	)		$	1.74			$	158,343
Forfeited			(589,583	)		$	2.97
Expired			(73,456	)		$	8.29
Balance Outstanding, December 31, 2025			10,757,293			$	3.87			$	2,678,115			7.1 years
Vested and exercisable, December 31, 2025			6,272,094			$	4.22			$	2,143,080			5.9 years
Vested and expected to vest, December 31, 2025			10,542,439			$	3.88			$	2,641,323			7.1 years

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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