v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 16,379 $ 27,136
Accounts receivable 5,351 5,546
Deposits, current portion 1,062 1,093
Prepaid expenses and other current assets 1,701 1,309
Foreign withholding tax receivable 1,899 1,899
Total current assets 26,392 36,983
Property and equipment, net 288 241
Operating lease right-of-use asset 3,318 4,074
Deposits 635 666
Restricted cash 154 154
Other long-term assets 90 94
Total assets 30,877 42,212
Current liabilities:    
Accounts payable 3,327 3,948
Accrued expenses 1,499 1,611
Research and development contract liability, current portion 0 5,335
Operating lease liabilities, current 1,562 1,911
Other current payable 1,003 689
Total current liabilities 7,391 13,494
Operating lease liabilities, non-current 1,878 2,286
Total liabilities 9,269 15,780
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized and 0 shares issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value; 300,000,000 shares authorized; 3,255,359 and 3,220,707 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 3 3
Additional paid in capital 395,249 394,895
Accumulated deficit (373,644) (368,466)
Total stockholders' equity 21,608 26,432
Total liabilities and stockholders' equity $ 30,877 $ 42,212