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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 17,293 $ 23,296
Investments available for sale 13,933 14,786
Accounts Receivable 48 0
Prepaid expenses and other current assets 261 122
Total current assets 31,535 38,204
Prepaid expenses and other assets 7,728 8,838
Other investments at cost 2,500 2,500
Property and equipment, net 57 67
Total assets 41,820 49,609
Current liabilities:    
Accounts payable and accrued liabilities 286 336
Accrued payroll and related expenses 351 257
Other liabilities, current 1,303 6,602
Total current liabilities 1,940 7,195
Other liabilities 6,709 2,791
Total liabilities 8,649 9,986
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, par value $0.0001 per share Authorized: 10,000,000 shares at June 30, 2025, and December 31, 2024; Issued and outstanding: 0 shares at June 30, 2025, and December 31, 2024 0 0
Common stock, par value $0.0001 per share Authorized: 100,000,000 shares at June 30, 2025 and December 31, 2024; Issued and outstanding: 4,271,739 shares at June 30, 2025 and 4,238,581 at December 31, 2024 0 0
Additional paid-in capital 245,158 244,293
Accumulated deficit (211,970) (204,670)
Accumulated other comprehensive loss (17) 0
Total stockholders’ equity 33,171 39,623
Total liabilities and stockholders’ equity $ 41,820 $ 49,609