MANE: the balance sheet

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Balance Sheets	2026-06-30	2026-03-31	2025-12-31
Cash and cash equivalents	319,333	168,412	21,766
Marketable securities at fair value	500,561	222,385	120,096
Prepaid expenses and other current assets	4,852	6,272	10,632
Total current assets	824,746	397,069	152,494
Property, plant and equipment, net	41	21	22
Right-of-use asset and other non-current assets	948	266	103
Total non-current assets	989	287	125
Total assets	825,735	397,356	152,619

Accounts payable	5,920	1,071	2,126
Accrued expenses	5,395	5,606	6,979
Other current liabilities and lease liabilities	379	39	47
Total current liabilities	11,694	6,716	9,152
Lease liabilities - non-current	428	0	4
Total liabilities	12,122	6,716	9,156
Redeemable convertible preferred stock-Series APreferred Stock	0	0	36,860
Redeemable convertible preferred stock-Series BPreferred Stock	0	0	78,903
Redeemable convertible preferred stock-Series CPreferred Stock	0	0	150,563
Subscription receivable	0	0	1,849
Common stock, 0.00001 par value, 200,000,000 and 267,466,797 shares authorized as of june30, 2026 and december31, 2025, respectively and 41,780,136 and 749,760 shares issued and outstanding as of june30, 2026 and december31, 2025, respectively	1	1	1
Additional paid-in capital	989,258	543,044	2,346
Subscription receivable	596	1,228	-
Accumulated other comprehensive (loss) income	-895	-524	60
Accumulated deficit	-174,155	-150,653	-123,421
Total stockholders equity (deficit)	813,613	390,640	-121,014
Total liabilities, redeemable convertible preferred stock, and stockholders equity (deficit)	825,735	397,356	152,619

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.