v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 13,090 $ 15,548
Investments available for sale 799 5,979
Accounts receivable 0 19
Prepaid expenses and other current assets 217 120
Total current assets 14,106 21,666
Prepaid expenses and other assets 6,811 7,335
Other investments at cost 2,000 2,000
Property and equipment, net 56 61
Total assets 22,973 31,062
Current liabilities:    
Accounts payable and accrued liabilities 498 388
Accrued payroll and related expenses 300 255
Other liabilities, current 1,461 1,382
Total current liabilities 2,259 2,025
Other liabilities 5,652 6,563
Total liabilities 7,911 8,588
Commitments and contingencies (Note 4)
Shareholders’ equity:    
Preferred stock, par value $0.0001 per share Authorized: 10,000,000 shares at June 30, 2026, and December 31, 2025; Issued and outstanding: 0 shares at June 30, 2026, and December 31, 2025 0 0
Common stock, par value $0.0001 per share Authorized: 100,000,000 shares at June 30, 2026 and December 31, 2025; Issued and outstanding: 4,217,203 shares at June 30, 2026 and 4,201,948 at December 31, 2025 0 0
Additional paid-in capital 246,866 245,390
Accumulated deficit (231,776) (222,895)
Accumulated other comprehensive loss (28) (21)
Total shareholders’ equity 15,062 22,474
Total liabilities and shareholders’ equity $ 22,973 $ 31,062