Income statement waterfall. Green diagonal stripes add to the running result, red diagonal stripes subtract from it, and a thin axis line marks the loss-zone boundary.
- Revenue: $17K. Running result $17K. Revenue: $17K.
- Cost of revenue: $0. Running result $17K.
- Gross profit: $17K. Running result $17K.
- Research and development (including related party costs of $3,516 and $3,586 for the three months ended June 30, 2026 and 2025, respectively, and $3,798 and $7,656 for the six months ended June 30, 2026 and 2025, respectively): −$7.77M. Running result −$7.75M.
- General and administrative: −$6.74M. Running result −$14.49M.
- Gain on lease modification: $0. Running result −$14.49M.
- Operating income: −$14.49M. Running result −$14.49M.
- Other income: $1.74M. Running result −$12.75M.
- Pre-tax loss: −$12.75M. Running result −$12.75M.
- Income tax benefit: $0. Running result −$12.75M.
- Net loss: −$12.75M. Running result −$12.75M.
