Quarterly report [Sections 13 or 15(d)]

Segment Information

v3.26.1
Segment Information
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information

9. Segment Information

 

The Company operates and manages its business as one reportable and operating segment dedicated to the research and development of the Company’s novel orally administered antiviral influenza candidate. The measure of segment assets is reported on the balance sheet as total consolidated assets. In addition, the Company manages the business activities on a consolidated basis.

 

The Company’s CODM reviews financial information presented on a consolidated basis and decides how to allocate resources based on net income (loss).

 

Significant segment expenses include research and development, salaries, insurance, and stock-based compensation. Operating expenses include all remaining costs necessary to operate our business, which primarily include external professional services and other administrative expenses. The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM (table in thousands):

  

    2026     2025  
    Three months ended March 31,  
    2026     2025  
Revenue   $ 225     $ -  
                 
Less:                
Research and development     1,042       1,027  
Salaries and personnel costs     481       544  
Insurance     57       62  
Stock-based compensation     84       82  
Operating expenses     917       625  
Other income     (57 )     (39 )
Net loss   $ 2,299     $ 2,301