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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 15,001 $ 5,061
Prepaid expenses and other current assets 1,610 1,854
Total current assets 16,611 6,915
Property and equipment, net 54 62
Restricted cash, long-term 544 544
Operating lease right-of-use asset 1,552 1,890
Other assets 1,943 1,573
Goodwill 8,982 8,982
Total assets 29,686 19,966
Current liabilities:    
Accounts payable 6,742 5,612
Accrued liabilities 7,003 7,274
Current portion of operating lease liability 1,229 1,190
Total current liabilities 14,974 14,076
Long-term operating lease liability 108 428
Warrant liability 1,897 0
Total liabilities 16,979 14,504
Stockholders’ equity:    
Preferred stock, $0.01 par value—5,000,000 shares authorized, no shares issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value—283,757,150 shares authorized, 39,978,693 shares issued and outstanding at March 31, 2026; 68,343,750 shares authorized, 12,928,853 shares issued and outstanding at December 31, 2025 400 129
Additional paid-in capital 1,283,887 1,252,714
Accumulated deficit (1,271,580) (1,247,381)
Total stockholders’ equity 12,707 5,462
Total liabilities and stockholders’ equity $ 29,686 $ 19,966