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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 15,765 $ 20,734
Short-term investments   10,077
Prepaid expenses and other current assets 1,304 727
Total current assets 17,069 31,538
Property and equipment, net 36 52
Intangible assets, net 291 322
Operating lease right-of-use assets 104 144
Other non-current assets 17 17
Total assets 17,517 32,073
Current liabilities:    
Accounts payable 4,638 3,219
Accrued expenses 4,352 7,707
Operating lease liabilities, current portion 123 116
Total current liabilities 9,113 11,042
Operating lease liabilities, net of current portion 22 85
Total liabilities 9,135 11,127
Commitments and contingencies (Note 12)
Stockholders' Equity:    
Common stock, $0.001 par value; 150,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 9,381,344 shares issued and outstanding as of June 30, 2026 and December 31, 2025 9 9
Additional paid-in capital 132,084 131,379
Accumulated other comprehensive income   8
Accumulated deficit (123,711) (110,450)
Total stockholders' equity 8,382 20,946
Total liabilities and stockholders' equity $ 17,517 $ 32,073