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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 9,051 $ 19,997
Accounts receivable 3,243 3,349
Prepaid expenses and other current assets 1,613 3,039
Total current assets 13,907 26,385
Property and equipment, net 98 231
Restricted cash, long-term 544 544
Operating lease right-of-use asset 2,221 3,163
Other assets 1,889 1,960
Goodwill 8,982 8,982
Total assets 27,641 41,265
Current liabilities:    
Accounts payable 4,445 3,024
Accrued liabilities 7,288 7,111
Current portion of operating lease liability 1,228 1,336
Current portion of liability related to sale of future royalties 6,951 7,556
Total current liabilities 19,912 19,027
Long-term operating lease liability 740 1,618
Liability related to the sale of future royalties, net 21,680 26,618
Total liabilities 42,332 47,263
Stockholders’ deficit:    
Preferred stock, $0.01 par value—5,000,000 shares authorized, no shares issued and outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value—68,343,750 shares authorized, 12,733,853 shares issued and outstanding at September 30, 2025; 34,171,875 shares authorized, 8,487,818 shares issued and outstanding at December 31, 2024 127 85
Additional paid-in capital 1,251,919 1,233,716
Accumulated deficit (1,266,737) (1,239,799)
Total stockholders’ deficit (14,691) (5,998)
Total liabilities and stockholders’ deficit $ 27,641 $ 41,265