v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current Assets:          
Cash and cash equivalents $ 24,631 $ 24,027   $ 19,926  
Investment in marketable securities 297 4,981   41,590  
Prepaid and other current assets 861 1,002   2,921  
Total Current Assets 25,789 30,010   64,437  
Non-current Assets:          
Property and equipment, net 84 90   113  
Non-current prepaid expenses and other assets 0 60   2,262  
Total Non-current Assets 84 150   2,468  
Total Assets 25,873 30,160   66,905  
Current Liabilities:          
Trade payables 261 1,041   2,707  
Accrued expenses 889 941   9,272  
Employee-related obligations 86 413   1,428  
Total Current Liabilities 1,236 2,395   14,819  
Total Liabilities 1,236 2,395   14,819  
Commitments and Contingencies    
Stockholders' Equity:          
Preferred stock: $0.0001 par value; 20,000,000 shares authorized at March 31, 2026 and December 31, 2025; no shares issued and outstanding at March 31, 2026 and December 31, 2025    
Common stock: $0.0001 par value; 150,000,000 shares authorized at March 31, 2026 and December 31, 2025; and 33,352,858 and 33,323,171 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 3 3   1  
Additional paid-in capital 785,872 785,413   783,235  
Accumulated other comprehensive income 0 2   20  
Accumulated deficit (761,238) (757,653)   (731,170)  
Total Stockholders' Equity 24,637 27,765 $ 44,132 52,086 $ 88,735
Total Liabilities and Stockholders' Equity $ 25,873 $ 30,160   $ 66,905