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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 8,496 $ 20,549
Short-term investments 116,385 119,629
Prepaid expenses and other current assets 2,837 3,552
Total current assets 127,718 143,730
Operating lease asset, net 850 926
In-process research and development 32,386 32,386
Other assets 354 363
Total assets 161,308 177,405
Current liabilities:    
Accounts payable 2,901 5,833
Current operating lease liabilities 325 314
Accrued expenses and other liabilities 5,959 5,430
Total current liabilities 9,185 11,577
Deferred tax liabilities 2,183 2,183
Non-current operating lease liabilities 555 640
Warrant liabilities 34,805 44,865
Total liabilities 46,728 59,265
Commitments and contingencies (Note 7)
Stockholders' equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized at March 31, 2025 and December 31, 2024; 59,881,775 and 59,789,275 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 60 60
Additional paid-in capital 476,619 473,640
Accumulated other comprehensive income (loss) (18) 26
Accumulated deficit (362,081) (355,586)
Total stockholders’ equity 114,580 118,140
Total liabilities and stockholders' equity 161,308 177,405
Series X1 Non-voting Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, value
Series X Non-Voting Convertible Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, value