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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 16,428 $ 25,009
Grant receivables 4,778 2,686
Prepaid expenses and other current assets 1,660 1,860
Total current assets 22,866 29,555
Property and equipment, net 190 181
Right-of-use assets, operating leases 444 498
Total assets 23,500 30,234
Current liabilities:    
Accounts payable 1,821 1,984
Accrued expenses 7,708 7,620
Deferred grant income, current 1,066 1,066
Operating lease liabilities, current 194 193
Other current liabilities 161 279
Total current liabilities 10,950 11,142
Operating lease liabilities, non-current 280 342
Total liabilities 11,230 11,484
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2025 and December 31, 2024
Common stock, $0.001 par value, 250,000,000 shares authorized; 61,974,755 and 59,854,877 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 62 60
Additional paid-in capital 195,848 193,850
Accumulated deficit (183,640) (175,160)
Total stockholders' equity 12,270 18,750
Total liabilities and stockholders' equity $ 23,500 $ 30,234