Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 7,729 $ 9,860
Restricted cash 75 75
Tax credit receivable 513 1,215
Prepaid expenses and other current assets 465 430
Total current assets 8,782 11,580
Property and equipment, net 106 153
Deposits 90 29
Operating lease right-of-use assets, net (including $115 and $152 respectively, to related party) 1,468 1,694
Total assets 10,446 13,456
Current liabilities:    
Accounts payable and accrued expenses 1,194 2,127
Current maturities of operating lease liabilities (including $54 and $49 respectively, to related party) 326 301
Total current liabilities 1,520 2,428
Long-term liabilities:    
Operating lease liabilities (including $63 and $104 respectively, to related party) 1,257 1,505
Total liabilities 2,777 3,933
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.001 par value 100,000 shares authorized as of September 30, 2025 and December 31, 2024; 13,041 and 10,174 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 13 10
Additional paid-in capital 347,479 342,931
Accumulated deficit (339,823) (333,418)
Total stockholders’ equity 7,669 9,523
Total liabilities and stockholders’ equity $ 10,446 $ 13,456