v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets:      
Cash and cash equivalents $ 36,223 $ 40,992  
Prepaid expenses and other current assets 2,249 2,531  
Research and development incentives receivables 1,562 1,497  
Total current assets 40,034 45,020  
Property and equipment, net 91 137  
Operating lease right of use assets, net 108 244  
Intangible assets, net 381 516  
Total assets 40,614 45,917  
Current liabilities:      
Accounts payable 3,226 1,333  
Accrued expenses 2,046 2,026  
Operating lease liabilities - current 0 202  
Other current liabilities 905 741  
Total current liabilities 6,177 4,302  
Warrant liabilities - non-current 21 38  
Other non-current liabilities 362 661  
Total liabilities 6,560 5,001  
Commitments and contingencies (Note 16)  
Shareholders' Equity      
Ordinary shares, par value 0.003 per share; 795,484,404 shares issued at September 30, 2025 (December 31, 2024: 775,728,034) 3,145 3,135  
Additional paid-in capital 551,018 549,622  
Accumulated deficit (507,538) (501,018)  
Accumulated other comprehensive loss (12,571) (10,823)  
Total shareholders' equity 34,054 40,916 $ 60,969
Total liabilities and shareholders' equity $ 40,614 $ 45,917