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Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Weighted-Average Assumptions of Fair Value Stock Option Issued to Employees

The fair value of each stock option issued to employees was estimated at the date of grant using the Black-Scholes model with the following weighted-average assumptions:

			Six months ended June 30,
			2026						2025
Expected volatility			105.9		%				114.1		%
Expected term (years)			6.0						6.0
Risk-free interest rate			3.9		%				4.4		%
Expected dividend yield			—		%				—		%

Schedule of Restricted Stock Units Activity

The following table summarizes the Company's restricted stock units ('RSUs") under the Plan as of June 30, 2026:

			Number of Shares Underlying RSUs						Weighted-Average Grant Date Fair Value
Unvested, January 1, 2026			864,724						$	1.50
Granted			0						—
Vested and settled			—						—
Vested and deferred			—						—
Forfeited			(72,000)						1.50
Unvested outstanding, June 30, 2026			792,724						1.50
Vested but subject to deferred settlement at June 30, 2026			—						$	—
Outstanding at June 30, 2026			792,724						$	1.50

Schedule of Share Based Compensation Expense

Share based compensation expense is classified in the unaudited condensed consolidated statements of operations and comprehensive loss as follows (in thousands):

			Three months ended June 30,												Six months ended June 30,
			2026						2025						2026						2025
Research and development			$	219					$	(1)					$	490					$	67
General and administrative			214						(280)						499						120
Total			$	433					$	(281)					$	989					$	187

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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