v3.26.3
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,585 $ 3,065
Short-term investments 15,887 25,147
Prepaid expenses and other current assets 548 614
Total current assets 19,020 28,826
Property and equipment, net 62 51
Operating lease right-of-use assets, net 376 654
Security deposits and other assets 31 31
Total assets 19,489 29,562
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 2,181 1,732
Current portion of operating lease liabilities 408 390
Total current liabilities 2,589 2,122
Long-term operating lease liabilities 310
Total liabilities 2,589 2,432
Commitments and Contingencies – Note 7
Stockholders’ Equity:    
Preferred stock, par value $0.00001, 10,000 shares authorized, no shares issued or outstanding
Common stock, par value $0.00001, 250,000 shares authorized, 695 and 656 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively
Additional paid-in capital 200,043 198,457
Accumulated deficit (183,143) (171,327)
Total stockholders’ equity 16,900 27,130
Total liabilities and stockholders’ equity $ 19,489 $ 29,562