v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,841 $ 3,065
Short-term investments 18,645 25,147
Prepaid expenses and other current assets 596 614
Total current assets 22,082 28,826
Property and equipment, net 78 51
Operating lease right-of-use assets, net 469 654
Security deposits and other assets 31 31
Total assets 22,660 29,562
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 1,485 1,732
Current portion of operating lease liabilities 402 390
Total current liabilities 1,887 2,122
Long-term operating lease liabilities 103 310
Total liabilities 1,990 2,432
Commitments and Contingencies – Note 7
Stockholders’ Equity:    
Preferred stock, par value $0.00001, 10,000 shares authorized, no shares issued or outstanding
Common stock, par value $0.00001, 250,000 shares authorized, 673 and 656 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Additional paid-in capital 199,446 198,457
Accumulated deficit (178,776) (171,327)
Total stockholders’ equity 20,670 27,130
Total liabilities and stockholders’ equity $ 22,660 $ 29,562