v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 14,948 $ 18,563
Prepaid expenses and other current assets 1,252 748
Total current assets 16,200 19,311
Property and equipment, net 249 295
Operating lease, right-of-use assets 4,539 4,782
Restricted cash, noncurrent 706 704
Other long-term prepaid assets 995 770
Total assets 22,689 25,862
Current liabilities    
Accounts payable 272 672
Accrued expenses 5,915 6,427
Operating lease liability, current 1,042 1,011
Total current liabilities 7,229 8,110
Warrant liabilities 3,599 2,615
Operating lease liability, noncurrent 3,823 4,094
Long-term debt, net 9,475 9,407
Total liabilities 24,126 24,226
Commitments and contingencies - Note 9
Stockholders' (deficit) equity:    
Common stock, $0.01 par value per share; 300,000,000 shares authorized; 18,654,350 shares and 17,814,762 shares issued at March 31, 2026 and December 31, 2025, respectively; 18,639,895 and 17,800,307 outstanding as of March 31, 2026 and December 31, 2025, respectively 186 178
Treasury stock, at cost, 14,455 shares outstanding (150) (150)
Additional paid-in capital 244,144 235,407
Accumulated other comprehensive loss (122) (127)
Accumulated deficit (245,495) (233,672)
Total stockholders' (deficit) equity (1,437) 1,636
Total liabilities and stockholders’ equity (deficit) $ 22,689 $ 25,862