v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,912 $ 3,114
Marketable securities 74,680 2,356
Restricted cash 2 49
Inventory 584
Prepaid expenses and other current assets 644 300
Total current assets 79,822 5,819
Long-term assets:    
Restricted cash 59
Long-term deposit 737
Property and equipment, net 93 80
Operating right-of-use assets 833 132
Total assets 81,544 6,031
Current liabilities:    
Accounts payable 511 165
Lease liabilities 296 70
Accrued liabilities 2,614 2,225
Total current liabilities 3,421 2,460
Non-current liabilities:    
Long-term lease liabilities 569 41
Total liabilities 3,990 2,501
Commitments and contingencies
Shareholders’ equity:    
Common stock; $0.01 par value; 120,000,000 and 60,000,000 shares authorized as of December 31, 2025 and 2024, respectively; 67,158,044 and 19,399,513 shares issued and outstanding as of December 31, 2025 and 2024, respectively 672 195
Additional paid-in capital 180,968 94,279
Accumulated deficit (104,086) (90,944)
Total shareholders’ equity 77,554 3,530
Total liabilities and shareholders’ equity $ 81,544 $ 6,031