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FY2025
12 months to Dec 31, 2025
|
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|---|---|
| Operating Activities | |
| Net Income Loss | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Stock-based compensation expense | |
| Shares issued for services rendered | |
| Loss on write off of property and equipment | |
| Write off of deferred offering costs | |
| Depreciation and amortization | |
| Noncash lease expense | |
| Realized gain on sale of marketable securities, net | |
| Amortization (accretion) of premiums (discounts) on investments, net | |
| (Gain) loss on change in fair value of derivative instruments | |
| Changes in operating assets and liabilities: | |
| Prepaid expenses and other current assets | |
| Operating lease liability | |
| Accrued interest on marketable securities | |
| Accounts payable and accrued expenses | |
| Net cash used in operating activities | |
| Investing Activities | |
| Purchases of property and equipment | |
| Purchase of marketable securities | |
| Proceeds from the sale of marketable securities | |
| Maturities of marketable securities | |
| Net cash (used in) provided by investing activities | |
| Financing Activities | |
| Proceeds from initial public offering | |
| Payment of issuance costs for initial public offering | |
| Proceeds from exercise of warrants and options | |
| Proceeds from issuance of redeemable convertible Series C preferred stock | |
| Payment of issuance costs for redeemable convertible Series C preferred stock | |
| Net cash provided by financing activities | |
| Net increase in cash, cash equivalents and restricted cash | |
| Cash, cash equivalents and restricted cash, beginning of period | |
| Cash, cash equivalents and restricted cash, end of period | |
| Supplemental disclosures of cash flow information | |
| Income tax paid | |
| Supplemental disclosures of noncash investing and financing information | |
| Conversion of 78,072,306 shares (1) of redeemable convertible preferred stock to common stock upon the closing of initial public offering | |
| Right of use assets in exchange for operating lease liabilities | |
| Acquisition of leasehold improvements |
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