Condensed Statements of Operations and Comprehensive (Loss) Income - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2025 |
Sep. 30, 2024 |
Sep. 30, 2025 |
Sep. 30, 2024 |
|
| Total revenue | $ 0 | $ 7,212,000 | $ 7,145,000 | $ 18,744,000 |
| Operating expenses | ||||
| Selling, general and administrative | 5,201,000 | 7,186,000 | 23,956,000 | 25,698,000 |
| Research and development | 14,345,000 | 9,997,000 | 71,942,000 | 36,683,000 |
| Restructuring charges | 0 | 2,638,000 | 0 | 2,638,000 |
| Cost of goods sold | 0 | 804,000 | 760,000 | 2,234,000 |
| Total operating expenses | 19,546,000 | 20,625,000 | 96,658,000 | 67,253,000 |
| Loss from operations | (19,546,000) | (13,413,000) | (89,513,000) | (48,509,000) |
| Other income (expense) | ||||
| Gain on sale of business | (177,000) | 0 | 87,266,000 | 0 |
| Foreign exchange loss | 0 | (1,000) | (3,000) | (4,000) |
| Other income | 127,000 | 0 | 285,000 | 0 |
| Interest income | 1,850,000 | 906,000 | 4,620,000 | 3,249,000 |
| Interest expense | 0 | (38,000) | 0 | (154,000) |
| Total other income (expense), net | 1,800,000 | 867,000 | 92,168,000 | 3,091,000 |
| Net (loss) income | (17,746,000) | (12,546,000) | 2,655,000 | (45,418,000) |
| Other comprehensive income: | ||||
| Unrealized gain (loss) on investments, net of tax | 130,000 | 66,000 | 123,000 | 12,000 |
| Comprehensive (loss) income | $ (17,616,000) | $ (12,480,000) | $ 2,778,000 | $ (45,406,000) |
| Net (loss) income per share: | ||||
| Basic (in dollars per share) | $ (0.26) | $ (0.46) | $ 0.04 | $ (1.68) |
| Diluted (in dollars per share) | $ (0.26) | $ (0.46) | $ 0.04 | $ (1.68) |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 69,204,899 | 27,041,327 | 59,417,911 | 27,010,791 |
| Diluted (in shares) | 69,204,899 | 27,041,327 | 60,057,872 | 27,010,791 |
| Product sales, net | ||||
| Total revenue | $ 0 | $ 7,212,000 | $ 7,145,000 | $ 18,744,000 |
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) from sale and disposal of integrated set of activities and assets capable of being conducted and managed for purpose of providing return in form of dividend, lower cost, or other economic benefit to investor, owner, member and participant. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Details
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