v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 66,229 $ 71,878
Prepaid expenses and other current assets 1,334 3,334
Assets held for sale 0 520
Total current assets 67,563 75,732
Property and equipment, net 0 166
Operating lease right-of-use asset 436 749
Total assets 67,999 76,647
Current liabilities:    
Accounts payable 273 507
Accrued and other current liabilities 1,135 3,741
Operating lease liabilities, current 1,354 2,326
Total current liabilities 2,762 6,574
Total liabilities 2,762 6,574
Stockholders' equity:    
Common stock, $0.001 par value, 250,000,000 shares authorized as of March 31, 2026 (unaudited) and December 31, 2025; 7,374,375 and 7,331,739 shares issued and outstanding as of March 31, 2026 (unaudited) and December 31, 2025, respectively 7 7
Preferred stock, $0.001 par value, 10,000,000 shares authorized; zero shares issued and outstanding as of March 31, 2026 (unaudited) and December 31, 2025 0 0
Additional paid-in capital 561,518 560,598
Accumulated other comprehensive income (loss) 0 0
Accumulated deficit (496,288) (490,532)
Total stockholders' equity 65,237 70,073
Total liabilities and stockholders' equity $ 67,999 $ 76,647