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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 106,349 $ 118,038
Inventory 51 0
Prepaid expenses and other current assets 1,760 1,411
Total current assets 108,160 119,449
Property and equipment, net 1,109 1,160
Intangible assets, net 907 1,220
Goodwill 2,791 2,791
Right-of-use assets 6,607 7,163
Other assets 677 677
Total assets 120,251 132,460
Current liabilities:    
Accounts payable 2,742 1,673
Accrued expenses 4,777 7,027
Lease liability, current 1,459 1,355
Total current liabilities 8,978 10,055
Lease liability, less current portion 6,786 7,543
Total liabilities 15,764 17,598
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.001 par value; authorized – 50,000 shares; no shares issued and outstanding 0 0
Common stock, $0.001 par value; authorized – 500,000 shares; issued and outstanding – 67,278 shares and 65,926 shares at June 30, 2025 and December 31, 2024, respectively 67 66
Additional paid-in capital 530,883 505,296
Accumulated deficit (426,463) (390,500)
Total stockholders’ equity 104,487 114,862
Total liabilities and stockholders’ equity $ 120,251 $ 132,460