v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 44,693 $ 55,812
Prepaid expenses and other current assets 1,256 2,238
Restricted cash, current 369 0
Total current assets 46,318 58,050
Property and equipment, net 67 153
Restricted cash, non-current 0 369
Total assets 46,385 58,572
Current liabilities:    
Accounts payable 4,613 3,233
Accrued expenses and other current liabilities 3,442 6,407
Operating lease liabilities, current 1,239 1,461
Total current liabilities 9,294 11,101
Operating lease liabilities, non-current 0 128
Warrant liability, non-current 18,372 17,791
Total liabilities 27,666 29,020
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 0 shares issued and outstanding as of March 31, 2026 and December 31, 2025
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 72,299,440 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 7 7
Additional paid-in capital 480,175 478,593
Accumulated deficit (461,463) (449,048)
Total stockholders' equity 18,719 29,552
Total liabilities and stockholders' equity $ 46,385 $ 58,572