v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 90,693 $ 31,374
Marketable securities 0 23,362
Prepaid expenses and other current assets 4,076 6,517
Total current assets 94,769 61,253
Property and equipment, net 0 23
Operating lease right-of-use assets 0 175
Other assets, noncurrent 810 810
Total assets 95,579 62,261
Current liabilities:    
Accounts payable 7 126
Accrued expenses and other current liabilities 1,927 3,791
Income tax liabilities 1,349 0
Operating lease liabilities 0 94
Deferred revenue 0 212
Total current liabilities 3,283 4,223
Operating lease liabilities, noncurrent 0 82
Total liabilities 3,283 4,305
Commitments and contingencies (Note 7)
Stockholders' equity    
Common stock, $0.0001 par value per share; 200,000,000 shares authorized as of September 30, 2026 and December 31, 2025; and 5,333,190 and 5,283,321 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 4 4
Preferred stock, $0.0001 par value per share; 50,000,000 shares authorized as of September 30, 2026 and December 31, 2025; no shares issued or outstanding as of September 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 361,628 359,932
Accumulated other comprehensive gain 0 18
Accumulated deficit (269,336) (301,998)
Total stockholders' equity 92,296 57,956
Total liabilities and stockholders' equity $ 95,579 $ 62,261