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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 5,129 $ 15,647
Marketable securities 38,375 44,243
Prepaid expenses and other assets 567 481
Amounts receivable 244 258
Total current assets 44,315 60,629
Non-current assets:    
Deferred offering costs 400 400
Operating lease right-of-use asset 153 197
Property and equipment, net 133 145
Total non-current assets 686 742
Total assets 45,001 61,371
Current liabilities:    
Accounts payable 2,812 1,475
Accrued liabilities 3,666 3,545
Operating lease obligation 107 101
Finance lease obligation 9 11
Total current liabilities 6,594 5,132
Non-current liabilities:    
Operating lease obligation 69 124
Finance lease obligation, non-current 0 4
Total non-current liabilities 69 128
Shareholders’ equity:    
Common shares, no par value; unlimited authorized; 53,925,697 and 53,742,370 shares issued and outstanding, as of June 30, 2026 and December 31, 2025, respectively 0 0
Paid-in capital 231,324 228,829
Accumulated other comprehensive income (loss) (37) 50
Accumulated deficit (192,949) (172,768)
Total shareholders’ equity 38,338 56,111
Total liabilities and shareholders’ equity $ 45,001 $ 61,371