Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 4,766 $ 9,860
Restricted cash 75 75
Tax credit receivable 1,642 1,215
Prepaid expenses and other current assets 282 430
Total current assets 6,765 11,580
Property and equipment, net 107 153
Deposits 88 29
Operating lease right-of-use assets, net (including $127 and $152 to related party) 1,545 1,694
Total assets 8,505 13,456
Current liabilities:    
Accounts payable and accrued expenses 1,514 2,127
Current maturities of operating lease liabilities (including $52 and $49 to related party) 317 301
Total current liabilities 1,831 2,428
Long-term liabilities:    
Operating lease liabilities (including $77 and $104 to related party) 1,341 1,505
Total long-term liabilities 1,341 1,505
Total liabilities 3,172 3,933
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 a par value: 100,000 shares authorized as of June 30, 2025, and December 31, 2024; 10,174 shares issued and outstanding as of June 30, 2025 and December 31, 2024 10 10
Additional paid-in capital 343,097 342,931
Accumulated deficit (337,774) (333,418)
Total stockholders’ equity 5,333 9,523
Total liabilities and stockholders’ equity $ 8,505 $ 13,456