v3.26.1
Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 13,183 $ 14,668
Prepaid expenses and other current assets 245 729
Total current assets 13,428 15,397
Restricted cash 50 50
Total assets 13,478 15,447
Current liabilities:    
Accounts payable 80 103
Accrued expenses 1,036 915
Purchase warrant liability 345 2,566
Total current liabilities 1,461 3,584
Long-term liabilities:    
Commitments and contingencies (Note 10)
Stockholders' equity    
250,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 11,978,711 shares issued and 11,696,641 shares outstanding as of June 30, 2026 and 11,978,711 shares issued and 11,698,919 shares outstanding as of December 31, 2025 12 12
Additional paid-in capital 457,041 457,025
Accumulated deficit (442,518) (442,656)
Treasury stock, at cost (282,070 shares at June 30, 2026 and 279,792 shares at December 31, 2025) (2,518) (2,518)
Total stockholders' equity 12,017 11,863
Total liabilities and stockholders' equity $ 13,478 $ 15,447