v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 36,810 $ 25,009
Grant receivables 9,923 2,686
Prepaid expenses and other current assets 1,068 1,860
Restricted cash equivalents 190  
Total current assets 47,991 29,555
Property and equipment, net 93 181
Right-of-use assets, operating leases 306 498
Total assets 48,390 30,234
Current liabilities:    
Accounts payable 1,119 1,984
Accrued expenses 11,995 7,620
Deferred grant income, current 367 1,066
Operating lease liabilities, current 136 193
Other current liabilities 307 279
Total current liabilities 13,924 11,142
Operating lease liabilities, non-current 195 342
Total liabilities 14,119 11,484
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2025 and December 31, 2024
Common stock, $0.001 par value, 250,000,000 shares authorized; 88,904,161 and 59,854,877 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively 90 60
Additional paid-in capital 232,828 193,850
Accumulated deficit (198,647) (175,160)
Total stockholders' equity 34,271 18,750
Total liabilities and stockholders' equity $ 48,390 $ 30,234