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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 22,026 $ 25,778
Short-term investments 0 995
Accounts receivable 0 6
Interest receivable 63 73
Prepaid expenses and other current assets 659 240
Total current assets 22,748 27,092
Property and equipment, net 50 59
Long-term prepaid maintenance and supplies 30 91
Security deposit 14 14
Operating lease right-of-use asset 155 280
Financing lease right-of-use-asset 1,087 1,588
Total assets 24,084 29,124
Current liabilities:    
Accounts payable 665 492
Accrued expenses 207 239
Accrued payroll-related expenses 649 1,328
Current operating lease liability 124 260
Current financing lease liability 1,148 1,253
Deferred revenue 0 4
Total current liabilities 2,793 3,576
Long-term operating lease liability 0 22
Long-term financing lease liability 0 449
Total liabilities 2,793 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 June 30, 2025 and December 31, 2024 0 0
Common stock: $0.001 par value, authorized 47,500 shares; 31,090 shares issued and outstanding as of June 30, 2025; and 30,540 shares issued and outstanding as of December 31, 2024 31 31
Additional paid in capital 252,956 246,565
Other comprehensive income 0 1
Accumulated deficit (231,696) (221,520)
Total stockholders’ equity 21,291 25,077
Total liabilities and stockholders’ equity $ 24,084 $ 29,124