v3.26.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (13,070) $ (11,666)
Adjustments to reconcile loss to net cash used in operating activities:    
Cost of share-based payments 3,559 3,099
Changes in operating assets and liabilities:    
Increase in other current assets (141) (140)
(Decrease)/increase in accounts payable (1,090) 2,479
Decrease in accrued liabilities (23) (838)
Decrease in employee compensation and benefits (277) (475)
Net cash used in operating activities (11,042) (7,541)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net cash provided by (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES    
Net cash provided by financing activities 1,568 15,801
(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (9,474) 8,260
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 31,634 18,533
CASH AND CASH EQUIVALENTS AT END OF PERIOD 22,160 26,793
Supplemental noncash disclosure of investing and financing activities:    
Unpaid issuance costs related to public offering   75
At-the-market offering    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares 184 1,887
Issuance costs (4) (59)
Public offering    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares $ 1,388 15,525
Issuance costs   $ (1,552)