v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 59,443 $ 53,989
Marketable securities 50,754 62,876
Prepaid expenses and other current assets 5,316 5,387
Total current assets 115,513 122,252
Restricted cash 231 231
Other assets, long-term 263 350
Total assets 116,007 122,833
Current liabilities    
Accounts payable 13,379 554
Accrued clinical trial expenses 6,263 10,616
Accrued expenses and other current liabilities 7,533 10,072
Debt, short-term 19,673 8,765
Total current liabilities 46,848 30,007
Debt, long-term 11,896 22,396
Total liabilities 58,744 52,403
Commitments and contingencies (Note 10)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 72,314,714 and 60,575,369 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 7 6
Additional paid-in capital 557,186 516,803
Accumulated deficit (499,917) (446,462)
Accumulated other comprehensive (loss) income (13) 83
Total stockholders’ equity 57,263 70,430
Total liabilities and stockholders’ equity $ 116,007 $ 122,833