v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 23,480 $ 18,563
Prepaid expenses and other current assets 2,005 748
Total current assets 25,485 19,311
Property and equipment, net 213 295
Operating lease, right-of-use assets 4,292 4,782
Restricted cash, noncurrent 515 704
Other long-term prepaid assets 825 770
Total assets 31,330 25,862
Current liabilities    
Accounts payable 839 672
Accrued expenses 7,290 6,427
Operating lease liability, current 1,073 1,011
Total current liabilities 9,202 8,110
Warrant liabilities 1,116 2,615
Operating lease liability, noncurrent 3,540 4,094
Long-term debt, net 9,535 9,407
Total liabilities 23,393 24,226
Commitments and contingencies - Note 9
Stockholders' equity:    
Common stock, $0.01 par value per share; 300,000,000 shares authorized; 21,916,024 shares and 17,814,762 shares issued at June 30, 2026 and December 31, 2025, respectively; 21,901,569 and 17,800,307 outstanding as of June 30, 2026 and December 31, 2025, respectively 219 178
Treasury stock, at cost, 14,455 shares outstanding (150) (150)
Additional paid-in capital 261,706 235,407
Accumulated other comprehensive loss (126) (127)
Accumulated deficit (253,712) (233,672)
Total stockholders' equity 7,937 1,636
Total liabilities and stockholders' equity $ 31,330 $ 25,862