v3.26.1
Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 14,105 $ 14,668
Prepaid expenses and other current assets 456 729
Total current assets 14,561 15,397
Restricted cash 50 50
Total assets 14,611 15,447
Current liabilities:    
Accounts payable 206 103
Accrued expenses 1,157 915
Purchase warrant liability 694 2,566
Total current liabilities 2,057 3,584
Long-term liabilities:    
Commitments and contingencies (Note 10)
Stockholders' equity    
250,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 11,978,711 shares issued and 11,698,919 shares outstanding as of March 31, 2026 and 11,978,711 shares issued and 11,698,919 shares outstanding as of December 31, 2025 12 12
Additional paid-in capital 457,035 457,025
Accumulated other comprehensive income 0 0
Accumulated deficit (441,975) (442,656)
Treasury stock, at cost (279,792 shares at March 31, 2026 and at December 31, 2025) (2,518) (2,518)
Total stockholders' equity 12,554 11,863
Total liabilities and stockholders' equity $ 14,611 $ 15,447