XML 12 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 14,144 $ 28,692
Prepaid expenses and other current assets 6,148 5,953
Total current assets 20,292 34,645
Property and equipment, net 81 102
Operating lease right-of-use assets 317 502
Restricted cash 417 417
Other non-current assets 77 113
Total assets 21,184 35,779
Current liabilities:    
Accounts payable 2,439 6,220
Operating lease liabilities 757 1,235
Accrued expenses and other current liabilities 5,800 5,745
Total current liabilities 8,996 13,200
Warrant liability 6,524 16,164
Other non-current liabilities 2,264 2,264
Total liabilities 17,784 31,628
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock: $0.0001 par value — 10,000,000 shares authorized at March 31, 2026 and December 31, 2025; none issued and outstanding at March 31, 2026 and December 31, 2025
Common stock: $0.0001 par value — 492,000,000 shares authorized at March 31, 2026 and December 31, 2025; 27,996,819 shares issued and outstanding at March 31, 2026 and December 31, 2025 3 3
Additional paid-in capital 321,241 320,818
Accumulated deficit (317,844) (316,670)
Total stockholders’ equity 3,400 4,151
Total liabilities and stockholders’ equity $ 21,184 $ 35,779