v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 82,681 $ 95,502
Prepaid expenses and other current assets 1,042 2,207
Total current assets 83,723 97,709
Property and equipment, net 20,180 20,646
Total assets 103,903 118,355
Current liabilities:    
Accounts payable and accrued expenses 39,291 41,647
Accrued development expense 361 364
Accrued compensation and benefits 385 1,625
Other current liabilities 121 198
Total current liabilities 40,158 43,834
Other non-current liabilities 136 118
Total liabilities 40,294 43,952
Commitments and contingencies (Notes 8, 9 and 10)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.001 par value; 120,000,000 shares authorized; 48,307,896 shares issued and outstanding at June 30, 2026 and December 31, 2025 48 48
Additional paid-in capital 578,579 570,439
Accumulated deficit (515,018) (496,084)
Total stockholders' equity 63,609 74,403
Total liabilities and stockholders' equity $ 103,903 $ 118,355