v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 34,824 $ 55,812
Prepaid expenses and other current assets 1,235 2,238
Restricted cash, current 369 0
Total current assets 36,428 58,050
Property and equipment, net 47 153
Restricted cash, non-current 0 369
Other assets, non-current 398 0
Total assets 36,873 58,572
Current liabilities:    
Accounts payable 3,306 3,233
Accrued expenses and other current liabilities 6,300 6,407
Operating lease liabilities, current 877 1,461
Total current liabilities 10,483 11,101
Operating lease liabilities, non-current 0 128
Warrant liability, non-current 14,253 17,791
Total liabilities 24,736 29,020
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025
Common stock, $0.0001 par value; 300,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 72,483,852 and 72,299,440 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 7 7
Additional paid-in capital 481,921 478,593
Accumulated deficit (469,791) (449,048)
Total stockholders' equity 12,137 29,552
Total liabilities and stockholders' equity $ 36,873 $ 58,572