v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net loss $ (10,004) $ (14,393)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 50 65
Stock-based compensation 2,018 1,184
Net unrealized loss (gain) on foreign currency transactions 53 (419)
Amortization of investments, net   (14)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (52) 1,576
Accounts payable 89 2,126
Accrued expenses (609) (1,301)
Right-of-use assets and lease liabilities, net 47 (6)
Net cash used in operating activities (8,408) (11,182)
Investing activities:    
Purchases of property and equipment (74) (4)
Maturities of short-term investments   4,500
Net cash (used in) provided by investing activities (74) 4,496
Financing activities:    
Proceeds from a private placement of common stock and pre-funded warrants, net of issuance costs 34,798  
Proceeds from exercise of stock options 583 38
Net cash provided by financing activities 35,388 75
Effect of exchange rate changes on cash and cash equivalents (19) 21
Net increase (decrease) in cash and cash equivalents 26,887 (6,590)
Cash and cash equivalents at beginning of period 30,277 18,085
Cash and cash equivalents at end of period 57,164 11,495
Non-cash investing and financing activities:    
Exercise of stock option issuance costs in accrued expenses 1  
ATM facility issuance costs reclassed from other current assets   392
ATM facility issuance costs in accrued expenses   83
Employee Stock Purchase Plan    
Financing activities:    
Proceeds from issuance of common stock $ 7  
ATM facility    
Financing activities:    
Proceeds from issuance of common stock   $ 37