v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 9,189 $ 7,483
Royalty receivable, current portion 3,394 3,525
Prepaid and other current assets 3,538 3,437
Total current assets 16,121 14,445
License rights and other intangible assets, net 3,559 3,761
Right of use assets, net 4,828 5,293
Royalty receivable, long term 12,626 13,713
Other non-current assets 395 444
Total assets 37,529 37,656
Current liabilities:    
Accounts payable 460 377
Accrued expenses and other current liabilities 1,876 1,741
Current liabilities of discontinued operations 2,667 2,667
Total current liabilities 5,003 4,785
Operating lease liabilities 4,521 5,122
Other non-current liabilities 873 873
Total liabilities 10,397 10,780
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Common stock, par value $0.001; 640,000 and 32,000 shares authorized, 11,574 and 11,574 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 11 11
Additional paid-in capital 979,262 979,256
Accumulated deficit (952,141) (952,391)
Total stockholders’ equity 27,132 26,876
Total liabilities and stockholders’ equity $ 37,529 $ 37,656