v3.26.1
BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 34,012 $ 36,810
Grant receivables 2,951 9,923
Prepaid expenses and other current assets 586 1,068
Restricted cash equivalents 750 190
Total current assets 38,299 47,991
Property and equipment, net 87 93
Right-of-use assets, operating leases 510 306
Total assets 38,896 48,390
Current liabilities:    
Accounts payable 673 1,119
Accrued expenses 3,833 11,995
Deferred grant income, current 777 367
Operating lease liabilities, current 89 136
Other current liabilities 78 307
Total current liabilities 5,450 13,924
Operating lease liabilities, non-current 422 195
Total liabilities 5,872 14,119
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2026 and December 31, 2025
Common stock, $0.001 par value, 250,000,000 shares authorized; 95,055,773 and 88,904,161 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 95 90
Additional paid-in capital 240,078 232,828
Accumulated deficit (207,149) (198,647)
Total stockholders' equity 33,024 34,271
Total liabilities and stockholders' equity $ 38,896 $ 48,390