v3.26.3
Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 53,075 $ 53,989
Marketable securities 25,529 62,876
Prepaid expenses and other current assets 6,530 5,387
Total current assets 85,134 122,252
Restricted cash 231 231
Other assets, long-term 200 350
Total assets 85,565 122,833
Current liabilities    
Accounts payable 6,056 554
Accrued clinical trial expenses 8,459 10,616
Accrued expenses and other current liabilities 10,168 10,072
Debt, short-term 20,404 8,765
Total current liabilities 45,087 30,007
Debt, long-term 5,868 22,396
Total liabilities 50,955 52,403
Commitments and contingencies (Note 10)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 72,327,320 and 60,575,369 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 7 6
Additional paid-in capital 559,914 516,803
Accumulated deficit (525,286) (446,462)
Accumulated other comprehensive (loss) income (25) 83
Total stockholders’ equity 34,610 70,430
Total liabilities and stockholders’ equity $ 85,565 $ 122,833