v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,065 $ 1,754
Short-term investments 25,147 41,399
Prepaid expenses and other current assets 614 581
Total current assets 28,826 43,734
Property and equipment, net 51 182
Operating lease right-of-use assets, net 654 1,007
Security deposits and other assets 31 31
Total assets 29,562 44,954
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 1,732 1,731
Current portion of operating lease liabilities 390 364
Total current liabilities 2,122 2,095
Long-term operating lease liabilities 310 700
Total liabilities 2,432 2,795
Commitments and Contingencies – Note 10
Stockholders’ Equity:    
Preferred stock, par value $0.00001, 10,000 shares authorized: no shares issued or outstanding
Common stock, par value $0.00001, 250,000 shares authorized, 656 and 501 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively
Additional paid-in capital 198,457 194,014
Accumulated deficit (171,327) (151,855)
Total stockholders’ equity 27,130 42,159
Total liabilities and stockholders’ equity $ 29,562 $ 44,954