v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 58,223 $ 76,957
Prepaid expenses and other current assets 6,887 3,632
Total current assets 65,110 80,589
Property and equipment, net 110 129
Other assets 2,003 2,061
Total assets 67,223 82,779
Current liabilities:    
Accounts payable 13,084 9,989
Accrued liabilities 10,563 10,762
Total current liabilities 23,647 20,751
Other liabilities 1,476 1,037
Total liabilities 25,123 21,788
Commitments and contingencies (Note 6)
Stockholders' equity:    
Common stock, $0.001 par value: 200,000,000 shares authorized as of March 31, 2026 (unaudited) and December 31, 2025; 13,910,668 and 12,948,308 shares issued and outstanding as of March 31, 2026 (unaudited) and December 31, 2025, respectively 14 13
Additional paid-in capital 287,599 284,348
Accumulated other comprehensive (loss) income (4) 3
Accumulated deficit (245,509) (223,373)
Total stockholders’ equity 42,100 60,991
Total liabilities and stockholders' equity $ 67,223 $ 82,779