v3.26.1
Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 4,398 $ 3,944
Marketable securities 42,047 35,257
Accounts receivable 10 12
Prepaid expenses and other current assets 1,679 1,557
Total current assets 48,134 40,770
Property and equipment, net 1,422 1,149
Long-term marketable securities 33,813 56,579
Intangible assets, net 888 910
Other assets 2,480 2,525
Total assets 86,737 101,933
Current liabilities:    
Accounts payable 1,190 862
Accrued and other current liabilities 2,870 3,009
Finance lease obligation, current portion 0 2
Deferred revenue 20,296 20,315
Total current liabilities 24,356 24,188
Operating lease obligation, net of current portion 3,001 2,337
Total liabilities 27,357 26,525
Commitments and contingencies (Note 13)
Stockholders' equity:    
Common stock, $0.0001 par value; 150,000,000 Class A shares authorized; 38,470,210 and 37,976,764 Class A shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; 1,500,000 Class B shares authorized; 967,759 Class B shares issued and outstanding as of June 30, 2026 and December 31, 2025. 4 4
Additional paid-in capital 388,684 386,864
Accumulated other comprehensive (loss) income (48) 262
Accumulated deficit (329,260) (311,722)
Total stockholders' equity 59,380 75,408
Total liabilities and stockholders' equity $ 86,737 $ 101,933