v3.26.3
BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 30,758 $ 36,810
Grant receivables 2,503 9,923
Prepaid expenses and other current assets 261 1,068
Restricted cash equivalents 717 190
Total current assets 34,239 47,991
Property and equipment, net 76 93
Right-of-use assets, operating leases 488 306
Total assets 34,803 48,390
Current liabilities:    
Accounts payable 445 1,119
Accrued expenses 3,875 11,995
Deferred grant income, current 717 367
Operating lease liabilities, current 91 136
Other current liabilities   307
Total current liabilities 5,128 13,924
Operating lease liabilities, non-current 398 195
Total liabilities 5,526 14,119
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding at September 30, 2026 and December 31, 2025
Common stock, $0.001 par value, 250,000,000 shares authorized; 95,100,822 and 88,904,161 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 95 90
Additional paid-in capital 240,476 232,828
Accumulated deficit (211,294) (198,647)
Total stockholders' equity 29,277 34,271
Total liabilities and stockholders' equity $ 34,803 $ 48,390