v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 113,729 $ 97,565
Prepaid expenses 3,177 5,643
Other current assets 108 1,019
Total current assets 117,014 104,227
Total assets 117,014 104,227
Current liabilities    
Accounts payable 6,570 6,041
Accrued liabilities 1,785 1,115
Total current liabilities 8,355 7,156
Total liabilities 8,355 7,156
Commitments and contingencies; see Note 4
Stockholders' equity    
Preferred stock, undesignated, authorized 4,818,654 shares Series A Preferred stock, par value $0.0001, authorized 5,181,346 shares; issued and outstanding 210 as of September 30, 2026 and December 31, 2025 0 0
Common stock, par value $0.0001 per share; authorized 400,000,000 shares; issued and outstanding 45,536,448 as of September 30, 2026 and 9,314,130 as of December 31, 2025, respectively 5 1
Additional paid-in capital 526,331 464,524
Accumulated deficit (417,677) (367,454)
Total stockholders' equity 108,659 97,071
Total liabilities and stockholders' equity $ 117,014 $ 104,227