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v3.25.2

Segment Information - Schedule of Financial Information (Details) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended
--- | --- | --- | ---
Jan. 31, 2025 | Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Operating Expenses: |  |  |  |  |
Research and development |  | $ 2,253 | $ 2,601 | $ 4,856 | $ 5,842
Operating loss |  | (4,868) | (5,523) | (10,716) | (12,124)
Other income, net |  | (7) | (14) | (111) | (201)
Benefit from income taxes | $ 962 | 0 | 0 | (962) | (798)
Net loss |  | (4,659) | (5,044) | (9,383) | (10,445)
Revenue |  | 70 | 0 | 70 | 0
Reportable Segment |  |  |  |  |
Operating Expenses: |  |  |  |  |
Research and development |  | 2,253 | 2,601 | 4,856 | 5,842
General and administrative |  | 2,685 | 2,922 | 5,930 | 6,282
Investor relations/public relations/communications |  | 309 | 347 | 640 | 632
Finance |  | 538 | 585 | 1,167 | 1,165
Legal |  | 327 | 239 | 551 | 909
Business development |  | 140 | 145 | 267 | 317
Share based compensation expense |  | 212 | 200 | 616 | 568
Other |  | 2 | 134 | 387 | 287
Operating loss |  | (4,868) | (5,523) | (10,716) | (12,124)
Other income, net |  | 209 | 479 | 371 | 881
Benefit from income taxes |  | 0 | 0 | (962) | (798)
Net loss |  | (4,659) | (5,044) | (9,383) | (10,445)
Cash and marketable securities |  | 21,970 | 38,262 | 21,970 | 38,262
Reportable Segment | Segment Reporting, Reconciling Item, Corporate Nonsegment |  |  |  |  |
Operating Expenses: |  |  |  |  |
General and administrative |  | 1,157 | 1,272 | 2,302 | 2,404
Reportable Segment | BOLSTER trial |  |  |  |  |
Operating Expenses: |  |  |  |  |
Research and development |  | 605 | 1,075 | 1,393 | 2,345
Reportable Segment | ASCEND trial |  |  |  |  |
Operating Expenses: |  |  |  |  |
Research and development |  | 32 | 94 | 53 | 138
Reportable Segment | Chemistry, manufacturing and controls |  |  |  |  |
Operating Expenses: |  |  |  |  |
Research and development |  | 167 | 284 | 387 | 939
Reportable Segment | Clinical department |  |  |  |  |
Operating Expenses: |  |  |  |  |
Research and development |  | 991 | 1,056 | 2,148 | 2,190
Reportable Segment | Other |  |  |  |  |
Operating Expenses: |  |  |  |  |
Research and development |  | $ 458 | $ 92 | $ 875 | $ 230

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