v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 15,758 $ 4,661
Prepaid expenses and other current assets 1,029 686
Accounts receivable 68 104
Total current assets 16,855 5,451
Property and equipment, net 1,651 1,836
Intangible assets, net 2,238 2,285
Operating lease asset, net 448 513
Other assets 18 176
Total assets 21,210 10,261
Current liabilities:    
Accounts payable 293 423
Accrued expenses 2,921 2,969
Current portion of operating lease liability 688 655
Deferred revenue 102 40
Other current liabilities 341 0
Total current liabilities 4,345 4,087
Long-term liabilities:    
Lease liability 60 169
Liability related to the sale of future PRV proceeds 778 0
Other liabilities 0 330
Total long-term liabilities 838 499
Total liabilities 5,183 4,586
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock value
Additional paid-in capital 153,044 137,964
Accumulated deficit (137,047) (132,311)
Total stockholders’ equity 16,027 5,675
Total liabilities and stockholders’ equity 21,210 10,261
Class A Common Stock    
Stockholders’ equity:    
Common stock value 29 21
Class B Common Stock    
Stockholders’ equity:    
Common stock value 1 1
Series A Non-Voting Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock value