v3.26.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 46,990 $ 95,502
Restricted cash 31,250 0
Prepaid expenses and other current assets 1,817 2,207
Total current assets 80,057 97,709
Property and equipment, net 20,001 20,646
Total assets 100,058 118,355
Current liabilities:    
Accounts payable and accrued expenses 40,772 41,647
Accrued development expense 369 364
Accrued compensation and benefits 648 1,625
Other current liabilities 157 198
Total current liabilities 41,946 43,834
Other non-current liabilities 136 118
Total liabilities 42,082 43,952
Commitments and contingencies (Notes 8, 9 and 10)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.001 par value; 120,000,000 shares authorized; 50,067,896 and 48,307,896 shares issued and outstanding at September 30, 2026 and December 31, 2025 50 48
Additional paid-in capital 583,670 570,439
Accumulated deficit (525,744) (496,084)
Total stockholders' equity 57,976 74,403
Total liabilities and stockholders' equity $ 100,058 $ 118,355