v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 8,542,000 $ 3,215,000
Short-term investments 32,105,000 0
Prepaid expenses and other current assets 806,000 1,111,000
Total current assets 41,453,000 4,326,000
Goodwill 6,330,000 6,330,000
Intangible assets 13,500,000 13,500,000
Long-term investments 2,980,000 0
Other non-current assets 1,710,000 2,000
Total assets 65,973,000 24,158,000
Current liabilities:    
Accounts payable 4,466,000 3,976,000
Accrued expenses and other current liabilities 1,542,000 2,204,000
Warrant liabilities 3,701,000 0
Total current liabilities 9,709,000 6,180,000
Deferred tax liability 1,060,000 1,060,000
Total liabilities 10,769,000 7,240,000
Commitments and contingencies (Note 13)
Convertible preferred stock, $0.001 par value, 5,000,000 shares authorized at June 30, 2026 and at December 31, 2025; 24,610 shares issued and 12,232 shares outstanding at June 30, 2026 and at December 31, 2025 45,005,000 45,005,000
Stockholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized at June 30, 2026 and at December 31, 2025; 85,767,032 shares and 27,550,222 shares issued and outstanding at June 30, 2026 and at December 31, 2025, respectively 172,000 113,000
Additional paid-in capital 423,580,000 373,133,000
Accumulated other comprehensive loss (69,000) (62,000)
Accumulated deficit (413,484,000) (401,271,000)
Total liabilities, convertible preferred stock and stockholders' equity $ 65,973,000 $ 24,158,000