v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 17,392 $ 27,136
Accounts receivable 5,377 5,546
Deposits, current portion 22 1,093
Prepaid expenses and other current assets 1,933 1,309
Foreign withholding tax receivable 1,899 1,899
Total current assets 26,623 36,983
Property and equipment, net 255 241
Operating lease right-of-use asset 2,959 4,074
Deposits 628 666
Restricted cash 154 154
Other long-term assets 88 94
Total assets 30,707 42,212
Current liabilities:    
Accounts payable 3,747 3,948
Accrued expenses 14,883 1,611
Research and development contract liability, current portion 0 5,335
Operating lease liabilities, current 1,628 1,911
Other current payable 960 689
Total current liabilities 21,218 13,494
Operating lease liabilities, non-current 1,449 2,286
Top-up share obligations 5,730 0
Total liabilities 28,397 15,780
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized and 0 shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value; 300,000,000 shares authorized; 5,229,392 and 3,220,707 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 5 3
Additional paid in capital 529,016 394,895
Accumulated deficit (526,711) (368,466)
Total stockholders' equity 2,310 26,432
Total liabilities and stockholders' equity $ 30,707 $ 42,212