v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 18,163 $ 5,809
Short-term investments 0 11,943
Prepaid expenses and other current assets 7,417 5,144
Total current assets 25,580 22,896
Property and equipment, net 550 595
Operating lease right-of-use assets 415 453
Intangible assets 0 67,819
Other assets 78 1,760
Total assets 26,623 93,523
Current liabilities:    
Accounts payable 5,392 2,223
Accrued expenses and other current liabilities 3,376 10,608
Current portion of debt 0 18,026
Short-term contingent consideration 0 12,369
Total current liabilities 8,768 43,226
Long-term operating lease liabilities 293 330
Long-term contingent consideration 0 51,961
Warrant liabilities 694 32,150
Other long-term liabilities 1,196 1,570
Total liabilities 10,951 129,237
Stockholders' equity (deficit):    
Preferred stock, $0.001 par value, 10,000,000 authorized, no shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively. 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized, 13,790,794 and 5,572,529 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively. [1] 14 6
Additional paid in capital [1] 435,587 418,981
Accumulated other comprehensive income 4,610 5,750
Accumulated deficit (424,539) (460,451)
Total stockholders' equity (deficit) 15,672 (35,714)
Total liabilities and stockholders' equity (deficit) $ 26,623 $ 93,523
[1]

(1) Adjusted prior period common stock and additional paid-in-capital to reflect the 1-for-10 reverse stock split effected on April 10, 2026.