v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 125,172,000 $ 133,385,000
Accounts receivable 500,000 0
Prepaid expenses and other current assets 1,588,000 836,000
Total current assets 127,260,000 134,221,000
Restricted cash 55,000 55,000
Other noncurrent assets 0 68,000
Total assets 127,315,000 134,344,000
Current liabilities:    
Accounts payable 1,835,000 767,000
Accrued liabilities 3,136,000 2,187,000
Accrued compensation and benefits 275,000 1,298,000
Share liability 0 313,000
Insurance financing debt 0 71,000
Total current liabilities 5,246,000 4,636,000
Derivative liability 62,000 62,000
Contingent consideration obligation 259,000 266,000
Total liabilities 5,567,000 4,964,000
Commitments and contingencies (Note 9)
Stockholders' equity:    
Common stock, $0.01 par value; 450,000,000 and 300,000,000 shares authorized; 173,595,201 and 159,444,017 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1,735,000 1,594,000
Additional paid-in capital 292,910,000 280,509,000
Accumulated deficit (172,899,000) (152,725,000)
Total stockholders' equity 121,748,000 129,380,000
Total liabilities and stockholders' equity 127,315,000 134,344,000
Series A Preferred Stock [Member]    
Stockholders' equity:    
Series A Convertible Preferred Stock, $0.01 par value, 7,000,000 shares authorized; 200,000 issued and outstanding at June 30, 2026 and December 31, 2025 $ 2,000 $ 2,000