v3.25.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,784 $ 51,470
Short-term investments 60,173 40,276
Accounts receivable and unbilled receivable 526 773
Prepaid expenses and other current assets 2,213 2,535
Total current assets 73,696 95,054
Property and equipment, net 743 898
Operating lease right-of-use assets 899 1,169
Other assets 401 69
Total Assets 75,739 97,190
Current liabilities:    
Accounts payable 6,010 4,821
Accrued liabilities 9,938 7,897
Operating lease liabilities 721 710
Total current liabilities 16,669 13,428
Operating lease liabilities, net of current portion 464 813
Total Liabilities 17,133 14,241
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock, $0.001 par value, 20,000 shares authorized; 277 designated as Series A Convertible Preferred Stock; 61 shares outstanding at June 30, 2025 and December 31, 2024 with liquidation preference of $1,105 and $1,092 at June 30, 2025 and December 31, 2024 respectively 0 0
Common stock, $0.0001 par value, 150,000 shares authorized; 66,526 and 66,524 shares issued and outstanding at June 30, 2025 and December 31, 2024 respectively 7 7
Additional paid-in capital 470,138 467,087
Accumulated other comprehensive gain 17 34
Accumulated deficit (411,556) (384,179)
Total stockholders’ equity 58,606 82,949
Total liabilities and stockholders’ equity $ 75,739 $ 97,190