Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 8,228	$ 21,259
Short-term investments	38,937	18,772
Prepaid expenses and other current assets	2,430	263
Restricted cash	135	80
Deferred offering costs	627	0
Total current assets	50,357	40,374
Investments	16,061	16,247
Deferred offering costs	0	533
Restricted cash	54	109
Operating lease right-of-use asset	1,479	1,764
Total assets	67,951	59,027
Current liabilities:
Accounts payable	3,601	2,225
Accrued expenses	2,502	2,791
Deferred revenue	0	235
Operating lease liability, current portion	549	483
Total current liabilities	6,652	5,734
Warrant liability	980	2,225
Operating lease liability	1,272	1,692
Total liabilities	8,904	9,651
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value, authorized 5,000,000 shares as of September 30, 2026 and December 31, 2025; 0 shares issued and outstanding as of September 30, 2026 and December 31, 2025	0	0
Common stock, $0.001 par value, 60,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 9,952,738 and 5,442,688 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively	10	5
Additional paid-in capital	466,541	434,515
Accumulated deficit	(407,504)	(385,144)
Total stockholders' equity	59,047	49,376
Total liabilities and stockholders’ equity	$ 67,951	$ 59,027

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).