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 $ 86,573 $ 95,502
Prepaid expenses and other current assets 1,391 2,207
Total current assets 87,964 97,709
Property and equipment, net 20,403 20,646
Total assets 108,367 118,355
Current liabilities:    
Accounts payable and accrued expenses 39,189 41,647
Accrued development expense 605 364
Accrued compensation and benefits 246 1,625
Other current liabilities 75 198
Total current liabilities 40,115 43,834
Other non-current liabilities 111 118
Total liabilities 40,226 43,952
Commitments and contingencies (Notes 8, 9 and 10)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.001 par value; 120,000,000 shares authorized; 48,307,896 shares issued and outstanding at March 31, 2026 and December 31, 2025 48 48
Additional paid-in capital 574,508 570,439
Accumulated deficit (506,415) (496,084)
Total stockholders' equity 68,141 74,403
Total liabilities and stockholders' equity $ 108,367 $ 118,355