Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 53,391 $ 72,904
Prepaid expenses and other current assets 975 1,602
Total Current Assets 54,366 74,506
Property and equipment, net of accumulated depreciation of $1,030 and $891 226 364
Restricted cash – long term 332 324
Operating leases right-of-use assets 1,215 1,685
Finance leases right-of-use assets 12 20
Total Assets 56,151 76,899
Current Liabilities:    
Accounts payable and accrued expenses 6,224 7,568
Operating leases current liability 599 569
Finance leases current liability 11 11
Total Current Liabilities 6,834 8,148
Long-term license revenue deferred 35,000 35,000
Long-term operating lease obligations 531 984
Long-term finance lease obligations 2 9
Total Liabilities 42,367 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 417,526 408,553
Accumulated deficit (403,773) (375,826)
Total Stockholders’ Equity 13,784 32,758
Total Liabilities and Stockholders’ Equity $ 56,151 $ 76,899