v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 10,077 $ 4,661
Prepaid expenses and other current assets 1,181 686
Accounts receivable 65 104
Total current assets 11,323 5,451
Property and equipment, net 1,602 1,836
Intangible assets, net 2,202 2,285
Operating lease asset, net 348 513
Other assets 12 176
Total assets 15,487 10,261
Current liabilities:    
Accounts payable 633 423
Accrued expenses 2,653 2,969
Current portion of lease liability 581 655
Deferred revenue 40 40
Other current liabilities 400 0
Total current liabilities 4,307 4,087
Long-term liabilities:    
Long-term portion of operating lease liability 0 169
Liability related to the sale of future PRV proceeds 778 0
Other liabilities 0 330
Total long-term liabilities 778 499
Total liabilities 5,085 4,586
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock value
Additional paid-in capital 153,491 137,964
Accumulated deficit (143,120) (132,311)
Total stockholders’ equity 10,402 5,675
Total liabilities and stockholders’ equity 15,487 10,261
Class A Common Stock    
Stockholders’ equity:    
Common stock value 30 21
Class B Common Stock    
Stockholders’ equity:    
Common stock value 1 1
Series A Non-Voting Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock value