v3.25.4
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Significant Expenses and Consolidated Net Loss

The following table is a summary of the significant expenses and consolidated net loss provided to the CODM:

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

(in thousands)

 

2025

 

2024

 

2025

 

2024

Revenue

 

$

80

 

 

$

50

 

 

$

389

 

 

$

902

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue(1)

 

 

276

 

 

 

842

 

 

 

1,279

 

 

 

2,402

 

Research and development(1)

 

 

819

 

 

 

3,260

 

 

 

4,222

 

 

 

8,232

 

Sales, general and administrative(1)

 

 

885

 

 

 

2,793

 

 

 

4,207

 

 

 

7,103

 

Other segment expenses(2)

 

 

2,129

 

 

 

356

 

 

 

3,113

 

 

 

2,276

 

Consolidated net loss

 

$

(4,029

)

 

$

(7,201

)

 

$

(12,432

)

 

$

(19,111

)

​(1)      Excludes stock-based compensation expense. The significant expense categories align with the information that is regularly provided to the CODM.

​(2)      Other segment expenses include stock-based compensation expense and interest and other income, net.