v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 4,868 $ 15,647
Marketable securities 46,463 44,243
Prepaid expenses and other assets 731 481
Amounts receivable 301 258
Total current assets 52,363 60,629
Non-current assets:    
Deferred offering costs 400 400
Operating lease right-of-use asset 175 197
Property and equipment, net 142 145
Total non-current assets 717 742
Total assets 53,080 61,371
Current liabilities:    
Accounts payable 3,293 1,475
Accrued liabilities 2,340 3,545
Operating lease obligation 104 101
Finance lease obligation 11 11
Total current liabilities 5,748 5,132
Non-current liabilities:    
Operating lease obligation 96 124
Finance lease obligation, non-current 1 4
Total non-current liabilities 97 128
Shareholders’ equity:    
Common shares, no par value; unlimited authorized; 53,883,345 and 53,742,370 shares issued and outstanding, as of March 31, 2026 and December 31, 2025, respectively 0 0
Paid-in capital 230,071 228,829
Accumulated other comprehensive income (26) 50
Accumulated deficit (182,810) (172,768)
Total shareholders’ equity 47,235 56,111
Total liabilities and shareholders’ equity $ 53,080 $ 61,371