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Unaudited Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 0 $ 0 $ 0 $ 8
Operating expenses:        
Research and development (14) 2,197 8 9,877
General and administrative 800 1,179 1,636 4,063
Restructuring and other charges (9) (3,795) 31 24,494
Total operating expenses 777 (419) 1,675 38,434
Income (loss) from operations (777) 419 (1,675) (38,426)
Other income (expense):        
Interest and investment income 181 394 369 947
Change in fair value of purchase warrant liability 67 2,270 1,094 14,958
Other expense 0 0 0 (2)
Total other income, net 248 2,664 1,463 15,903
Income (loss) before income taxes (529) 3,083 (212) (22,523)
Income tax expense 0 (5) 0 (5)
Net income (loss) $ (529) $ 3,078 $ (212) $ (22,528)
Net income (loss per share) - basic $ (0.04) $ 0.25 $ (0.02) $ (1.85)
Net income (loss per share) - diluted $ (0.04) $ 0.25 $ (0.02) $ (1.85)
Weighted-average common shares - basic 12,319,147 12,203,956 12,301,476 12,168,081
Weighted-average common shares - diluted 12,319,147 12,399,068 12,301,476 12,168,081
Comprehensive income (loss):        
Net income (loss) $ (529) $ 3,078 $ (212) $ (22,528)
Net unrealized loss on marketable securities 0 0 0 (6)
Comprehensive income (loss) $ (529) $ 3,078 $ (212) $ (22,534)