XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,743 $ 25,009
Grant receivables 6,285 2,686
Prepaid expenses and other current assets 1,207 1,860
Restricted cash equivalents 814  
Total current assets 19,049 29,555
Property and equipment, net 174 181
Right-of-use assets, operating leases 399 498
Total assets 19,622 30,234
Current liabilities:    
Accounts payable 771 1,984
Accrued expenses 9,372 7,620
Deferred grant income, current 1,982 1,066
Operating lease liabilities, current 198 193
Other current liabilities 41 279
Total current liabilities 12,364 11,142
Operating lease liabilities, non-current 229 342
Total liabilities 12,593 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 June 30, 2025 and December 31, 2024
Common stock, $0.001 par value, 250,000,000 shares authorized; 64,962,957 and 59,854,877 shares issued and outstanding at June 30, 2025 65 60
Additional paid-in capital 197,338 193,850
Accumulated deficit (190,374) (175,160)
Total stockholders' equity 7,029 18,750
Total liabilities and stockholders' equity $ 19,622 $ 30,234