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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 7,428 $ 12,865
Prepaid expenses and other current assets 903 792
Total current assets 8,331 13,657
Property and equipment, net 1 1
Goodwill 6,330 6,330
Intangible assets 42,200 42,200
Other non-current assets 766 2
Total assets 57,628 62,190
Current liabilities:    
Accounts payable 1,149 911
Accrued expenses and other current liabilities 4,828 4,838
Total current liabilities 5,977 5,749
Deferred tax liability 1,772 1,772
Other long-term liability 0 277
Total liabilities 7,749 7,798
Commitments and contingencies (Note 13)
Convertible preferred stock, $0.001 par value, 5,000,000 shares authorized at March 31, 2025 and at December 31, 2024; 24,610 shares issued and 12,232 shares outstanding at March 31, 2025 and at December 31, 2024 45,005 45,005
Stockholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized at March 31, 2025 and at December 31, 2024; 22,005,317 shares and 21,666,012 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 108 108
Additional paid-in capital 361,699 360,697
Accumulated other comprehensive loss (32) (18)
Accumulated deficit (356,901) (351,400)
Total liabilities, convertible preferred stock and stockholders' equity $ 57,628 $ 62,190