v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets:              
Cash and cash equivalents $ 15,260   $ 25,982     $ 27,727  
Marketable securities 4,828   15,836     40,894  
Prepaid expenses and other current assets 2,167   1,929     3,186  
Total current assets 22,255   43,747     71,807  
Property and equipment, net 283   3,273     5,458  
Right of use assets     2,617     3,263  
Other assets 82   546     332  
Total assets 22,620   50,183     80,860  
Current liabilities:              
Accounts payable 2,578   2,011     5,353  
Accrued liabilities and other liabilities 3,835   8,555     4,221  
Total current liabilities 6,413   10,566     9,574  
Lease liabilities, long term 3,603   4,148     5,153  
Other long-term liabilities 455   526     661  
Total liabilities 10,471   15,240     15,388  
Stockholders' equity:              
Preferred stock, par value of $0.001 per share; 10,000,000 shares authorized at June 30, 2026 and December 31, 2025; No shares issued and outstanding at June 30, 2026 and December 31, 2025        
Common stock, par value of $0.001 per share; 100,000,000 shares authorized at June 30, 2026 and December 31, 2025; 4,068,951 and 3,505,621 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 4   4     2  
Additional paid-in capital 472,816   470,898     445,602  
Accumulated other comprehensive (loss) income (3)   21     4  
Accumulated deficit (460,668)   (435,980)     (380,136)  
Total stockholders' equity 12,149 $ 26,716 34,943 $ 29,646 $ 55,855 65,472 $ 114,421
Total liabilities and stockholders' equity $ 22,620   $ 50,183     $ 80,860