Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 15,146	$ 19,210
Short-term investments	23,206	0
Interest receivable	58	54
Prepaid expenses and other current assets	542	338
Total current assets	38,952	19,602
Property and equipment, net	59	60
Security deposit	14	14
Operating lease right-of-use asset	1,128	884
Financing lease right-of-use-asset	70	533
Total assets	40,223	21,093
Current liabilities:
Accounts payable	569	608
Accrued expenses	297	168
Accrued payroll-related expenses	1,118	650
Current operating lease liability	304	147
Current financing lease liability	0	420
Deferred revenue	0	7
Total current liabilities	2,288	2,000
Long-term operating lease liability	860	712
Total liabilities	3,148	2,712
Commitments and contingencies (see Note 9)
Stockholders’ equity:
Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding as of June 30, 2026 and December 31, 2025	0	0
Common stock: $0.001 par value, authorized 47,500 shares; 39,024 shares issued and outstanding as of June 30, 2026; and 32,354 shares issued and outstanding as of December 31, 2025	39	32
Additional paid in capital	291,157	260,043
Other comprehensive income (loss)	(18)	0
Accumulated deficit	(254,103)	(241,694)
Total stockholders’ equity	37,075	18,381
Total liabilities and stockholders’ equity	$ 40,223	$ 21,093

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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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).