Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 65,325 $ 72,904
Prepaid expenses and other current assets 1,131 1,602
Total Current Assets 66,456 74,506
Property and equipment, net of accumulated depreciation of $939 and $891 317 364
Restricted cash – long term 327 324
Operating leases right-of-use assets 1,530 1,685
Finance leases right-of-use assets 17 20
Total Assets 68,647 76,899
Current Liabilities:    
Accounts payable and accrued expenses 6,520 7,568
Operating leases current liability 579 569
Finance leases current liability 11 11
Total Current Liabilities 7,110 8,148
Long-term license revenue deferred 35,000 35,000
Long-term operating lease obligations 836 984
Long-term finance lease obligations 7 9
Total Liabilities 42,953 44,141
Commitments and contingencies
Stockholders’ Equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 31,195,891 and 31,195,891 shares issued and outstanding, respectively 31 31
Additional paid-in capital 417,427 408,553
Accumulated deficit (391,764) (375,826)
Total Stockholders’ Equity 25,694 32,758
Total Liabilities and Stockholders’ Equity $ 68,647 $ 76,899