v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 31,094,000 $ 18,303,000
Restricted cash 645,000 110,000
Short-term investments 0 59,541,000
Other current assets 2,943,000 4,908,000
Total current assets 34,682,000 82,862,000
Operating lease right-of-use assets 11,026,000 3,089,000
Property and equipment, net 1,213,000 1,867,000
Other assets 268,000 715,000
Total assets 47,189,000 88,533,000
Current liabilities:    
Accounts payable 3,214,000 3,982,000
Accrued liabilities 15,146,000 13,526,000
Operating lease liabilities, current 1,181,000 3,580,000
Finance lease liabilities, current 59,000 145,000
Total current liabilities 19,600,000 21,233,000
Operating lease liabilities, net of current portion 10,660,000 1,525,000
2023 Common Warrants liability 5,623,000 12,183,000
Long term liability 0 47,000
Total liabilities 35,883,000 34,988,000
Commitments and contingencies (Note 11)
Stockholders' equity    
Preferred Stock, $0.0001 par value; 10,000,000 shares authorized as of September 30, 2026 and December 31, 2025; no shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively. 0 0
Common stock, $0.0001 par value; 115,800,000 shares authorized as of September 30, 2026 and December 31, 2025; 6,248,440 and 6,178,230 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively. 9,000 9,000
Additional paid-in capital 699,465,000 695,269,000
Accumulated deficit (688,605,000) (642,201,000)
Accumulated other comprehensive income 437,000 468,000
Total stockholders' equity 11,306,000 53,545,000
Total liabilities and stockholders' equity $ 47,189,000 $ 88,533,000