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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 95,214 $ 118,038
Accounts receivable 15 0
Inventory 57 0
Prepaid expenses and other current assets 1,871 1,411
Total current assets 97,157 119,449
Property and equipment, net 1,055 1,160
Intangible assets, net 741 1,220
Goodwill 2,791 2,791
Right-of-use assets 6,316 7,163
Other assets 705 677
Total assets 108,765 132,460
Current liabilities:    
Accounts payable 2,978 1,673
Accrued expenses 5,203 7,027
Lease liability, current 1,519 1,355
Total current liabilities 9,700 10,055
Lease liability, less current portion 6,371 7,543
Total liabilities 16,071 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 – 67,738 shares and 65,926 shares as of September 30, 2025 and December 31, 2024, respectively 68 66
Additional paid-in capital 538,474 505,296
Accumulated deficit (445,848) (390,500)
Total stockholders’ equity 92,694 114,862
Total liabilities and stockholders’ equity $ 108,765 $ 132,460