v3.25.4
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 46,303 $ 37,573
Marketable securities 0 39,183
Prepaid expenses and other current assets 629 838
Prepaid research and development 830 1,221
Total current assets 47,762 78,815
Property and equipment, net 4,107 9,331
Right of use assets - operating leases 10,168 13,803
Other assets 244 463
Total assets 62,281 102,412
Current liabilities:    
Accounts payable 1,113 742
Accrued expenses and other current liabilities 4,653 6,707
Non-refundable sublicense and transition services payments 13,750 8,226
Operating lease liabilities 3,567 3,688
Total current liabilities 23,083 19,363
Operating lease liabilities - noncurrent 20,443 21,788
Total liabilities 43,526 41,151
Commitments and contingencies (note 11)
Stockholders' equity:    
Preferred stock, $0.0001 par value: 10,000,000 shares authorized; no shares issued and outstanding at both December 31, 2025 and December 31, 2024
Additional paidin capital 723,512 720,488
Accumulated other comprehensive income (loss)   8
Accumulated deficit (704,757) (659,235)
Total stockholders' equity 18,755 61,261
Total liabilities and stockholders' equity $ 62,281 $ 102,412