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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 8,496,000 $ 20,549,000
Short-term investments 116,385,000 119,629,000
Prepaid expenses and other current assets 2,837,000 3,552,000
Total current assets 127,718,000 143,730,000
Operating lease asset, net 850,000 926,000
In-process research and development 32,386,000 32,386,000
Other assets 354,000 363,000
Total assets 161,308,000 177,405,000
Current liabilities:    
Accounts payable 2,901,000 5,833,000
Current operating lease liabilities 325,000 314,000
Accrued expenses and other liabilities 5,959,000 5,430,000
Total current liabilities 9,185,000 11,577,000
Deferred tax liabilities 2,183,000 2,183,000
Non-current operating lease liabilities 555,000 640,000
Warrant liabilities 34,805,000 44,865,000
Total liabilities 46,728,000 59,265,000
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 60,000 60,000
Additional paid-in capital 420,925,000 417,946,000
Accumulated other comprehensive income (loss) (18,000) 26,000
Accumulated deficit (362,081,000) (355,586,000)
Total stockholders’ equity 58,886,000 62,446,000
Total liabilities, convertible preferred stock and stockholders' equity 161,308,000 177,405,000
Series X1 Non-voting Convertible Preferred Stock [Member]    
Temporary Equity [Abstract]    
Temporary equity, value 53,543,000 53,543,000
Stockholders' equity:    
Preferred stock, value  
Series X Non-Voting Convertible Preferred Stock [Member]    
Temporary Equity [Abstract]    
Temporary equity, value 2,151,000 $ 2,151,000
Stockholders' equity:    
Preferred stock, value