v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 7,314 $ 28,692
Restricted cash, current 417
Prepaid expenses and other current assets 3,840 5,953
Total current assets 11,571 34,645
Property and equipment, net 60 102
Operating lease right-of-use assets 128 502
Restricted cash, non-current 417
Other non-current assets 43 113
Total assets 11,802 35,779
Current liabilities:    
Accounts payable 2,778 6,220
Operating lease liabilities 270 1,235
Accrued expenses and other current liabilities 4,797 5,745
Total current liabilities 7,845 13,200
Warrant liability 2,544 16,164
Other non-current liabilities 2,264
Total liabilities 10,389 31,628
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock: $0.0001 par value — 10,000,000 shares authorized at June 30, 2026 and December 31, 2025; none issued and outstanding at June 30, 2026 and December 31, 2025
Common stock: $0.0001 par value — 492,000,000 shares authorized at June 30, 2026 and December 31, 2025; 28,079,552 and 27,996,819 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 3 3
Additional paid-in capital 322,014 320,818
Accumulated deficit (320,604) (316,670)
Total stockholders’ equity 1,413 4,151
Total liabilities and stockholders’ equity $ 11,802 $ 35,779