XML 22 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 9,376 $ 20,020
Accounts receivable 816 507
Prepaid expenses 1,580 734
Other current assets 13 13
Total current assets 11,785 21,274
Property and equipment, net 3,065 3,225
Operating lease right-of-use asset 452 597
Other assets 30 30
Total assets 15,332 25,126
Current liabilities:    
Accounts payable (includes $491 to a related party as of December 31, 2024) 1,129 1,452
Accrued liabilities (includes $304 to a related party as of December 31, 2024) 1,537 2,967
Current portion of operating lease liabilities 381 375
Total current liabilities 3,047 4,794
Liability related to the sales of future royalties, net 55,702 51,767
Warrant liabilities 4,765 6,692
Operating lease liabilities 152 328
Other non-current liabilities 400 400
Total liabilities 64,066 63,981
Commitments and contingencies
Stockholders' deficit:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized and no shares issued at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 400,000,000 and 200,000,000 shares authorized at June 30, 2025 and December 31, 2024, respectively; 78,495,760 and 76,578,383 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 78 77
Additional paid-in capital 319,181 316,343
Accumulated deficit (367,993) (355,275)
Total stockholders` deficit (48,734) (38,855)
Total liabilities and stockholders` deficit $ 15,332 $ 25,126