v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 8,267,000 $ 10,503,000
Short-term investments 94,365,000 86,090,000
Accrued interest receivable 1,844,000 947,000
Prepaid expenses and other current assets 3,461,000 3,513,000
Total current assets 107,937,000 101,053,000
Deferred issuance cost 0 150,000
Long-term prepaid assets 5,344,000 5,309,000
Long-term investments 105,346,000 46,893,000
Operating lease right-of-use assets 1,901,000 2,603,000
Financing lease right-of-use assets 3,453,000 3,496,000
Property, plant and equipment, net 14,229,000 13,306,000
Total assets 238,210,000 172,810,000
Current liabilities    
Accounts payable 3,855,000 3,146,000
Accrued expenses and other current liabilities 7,209,000 6,584,000
Operating lease liabilities, current portion 481,000 797,000
Finance lease liabilities, current portion 160,000 154,000
Total current liabilities 11,705,000 10,681,000
Operating lease liabilities, noncurrent 1,451,000 1,877,000
Finance lease liabilities, noncurrent 3,040,000 3,122,000
Warrant liabilities 7,229,000 5,635,000
Total liabilities 23,425,000 21,315,000
Commitments and contingencies (Note 13)
Stockholders equity    
Common stock; $0.0001 par value; 800,000,000 shares authorized at June 30, 2026 and December 31, 2025; 83,547,733 and 47,664,564 shares issued at June 30, 2026 and December 31, 2025, respectively, and 83,493,068 and 47,609,899 outstanding at June 30, 2026 and December 31, 2025, respectively 8,000 5,000
Treasury stock, at cost; 54,665 shares held at June 30, 2026 and December 31, 2025, respectively (5,521,000) (5,521,000)
Additional paid-in capital 373,483,000 267,719,000
Accumulated other comprehensive income (loss) (930,000) 187,000
Accumulated deficit (152,255,000) (110,895,000)
Total stockholders' equity 214,785,000 151,495,000
Total liabilities and stockholders' equity 238,210,000 172,810,000
Series A Preferred Stock [Member]    
Stockholders equity    
Preferred stock 0 0
Series B Preferred Stock [Member]    
Stockholders equity    
Preferred stock $ 0 $ 0