v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 56,129 $ 40,265
Collaboration receivable, current - related party 0 25,359
Other receivables 44 28
Prepaid expenses and other current assets 1,439 1,634
Total current assets 57,612 67,286
Operating lease right of use assets 1,256 1,480
Other assets 153 153
Total assets 59,021 68,919
Current liabilities:    
Accounts payable 217 693
Accrued expenses and other current liabilities 3,142 5,578
Operating lease liabilities 1,967 1,956
Income taxes payable 163 383
Deferred revenue, current - related party 0 258
Total current liabilities 5,489 8,868
Non-current operating lease liabilities 507 939
Other long-term liabilities 91 91
Total liabilities 6,087 9,898
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of March 31, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value; 120,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 57,891,493 shares issued and outstanding as of March 31, 2026 and 56,414,657 shares issued and outstanding as of December 31, 2025 58 56
Additional paid-in capital 511,145 510,031
Accumulated deficit (458,269) (451,066)
Total stockholders' equity 52,934 59,021
Total liabilities and stockholders' equity $ 59,021 $ 68,919