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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,138 $ 19,997
Accounts receivable 2,752 3,349
Prepaid expenses and other current assets 1,529 3,039
Total current assets 14,419 26,385
Property and equipment, net 130 231
Restricted cash, long-term 544 544
Operating lease right-of-use asset 2,543 3,163
Other assets 2,616 1,960
Goodwill 8,982 8,982
Total assets 29,234 41,265
Current liabilities:    
Accounts payable 4,097 3,024
Accrued liabilities 6,657 7,111
Current portion of operating lease liability 1,265 1,336
Current portion of liability related to sale of future royalties 7,353 7,556
Total current liabilities 19,372 19,027
Long-term operating lease liability 1,044 1,618
Liability related to the sale of future royalties, net 22,804 26,618
Total liabilities 43,220 47,263
Stockholders’ deficit:    
Preferred stock, $0.01 par value—5,000,000 shares authorized, no shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value—68,343,750 shares authorized, 10,708,393 shares issued and outstanding at June 30, 2025; 34,171,875 shares authorized, 8,487,818 shares issued and outstanding at December 31, 2024 107 85
Additional paid-in capital 1,244,915 1,233,716
Accumulated deficit (1,259,008) (1,239,799)
Total stockholders’ deficit (13,986) (5,998)
Total liabilities and stockholders’ deficit $ 29,234 $ 41,265