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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 24,123 $ 25,778
Short-term investments 0 995
Accounts receivable 0 6
Interest receivable 81 73
Prepaid expenses and other current assets 335 240
Total current assets 24,539 27,092
Property and equipment, net 52 59
Long-term prepaid maintenance and supplies 91 91
Security deposit 14 14
Operating lease right-of-use asset 218 280
Financing lease right-of-use-asset 1,338 1,588
Total assets 26,252 29,124
Current liabilities:    
Accounts payable 761 492
Accrued expenses 195 239
Accrued payroll-related expenses 402 1,328
Current operating lease liability 184 260
Current financing lease liability 1,314 1,253
Deferred revenue 0 4
Total current liabilities 2,856 3,576
Long-term operating lease liability 0 22
Long-term financing lease liability 113 449
Total liabilities 2,969 4,047
Commitments and contingencies (see Note 9)
Stockholders’ equity:    
Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock: $0.001 par value, authorized 47,500 shares; 30,704 shares issued and outstanding as of March 31, 2025; and 30,540 shares issued and outstanding as of December 31, 2024 31 31
Additional paid in capital 249,981 246,565
Other comprehensive income 0 1
Accumulated deficit (226,729) (221,520)
Total stockholders’ equity 23,283 25,077
Total liabilities and stockholders’ equity $ 26,252 $ 29,124