v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 7,707 $ 30,268
Prepaid expenses and other current assets 562 1,206
Total current assets 8,269 31,474
Property and equipment—net 605 886
Operating lease right-of-use assets 7,540 8,643
Other noncurrent assets 517 485
Total assets 16,931 41,488
Current liabilities:    
Accounts payable 1,038 2,450
Accrued expenses 937 2,726
Current loan payable (net of discount and issuance costs of nil and $74, respectively) 0 6,354
Current operating lease liabilities 1,192 869
Accrued compensation 147 1,762
Interest payable 0 59
Total current liabilities 3,314 14,220
Operating lease liabilities, less current portion 6,949 8,142
Total liabilities 10,263 22,362
Commitments and contingencies (Note 5)
Stockholders' equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 4,927,161 and 3,382,432 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively [1] 5 3
Additional paid-in capital [1] 240,031 226,229
Accumulated deficit (233,368) (207,106)
Total stockholders' equity 6,668 19,126
Total liabilities and stockholders' equity $ 16,931 $ 41,488
[1] Results, including shares issued and outstanding have been adjusted to reflect the one-for-thirteen stock split effected in April 2025. See Note 1, Organization and Description of the Business, for details.