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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 $ 7,557 $ 4,278
Prepaid expenses and other current assets 1,519 916
Total current assets 9,076 5,194
Intangible assets 11,148 11,148
Other non-current assets 900 0
Operating lease right-of-use asset 370 424
Furniture and equipment, net 99 159
Total assets 21,593 16,925
Current liabilities:    
Accounts payable 3,721 2,030
Accrued expenses and other current liabilities 4,192 3,329
Total current liabilities 7,913 5,359
Operating lease liability - long-term, net of current portion 292 358
Warrant liability 20,553 5,229
Total liabilities 28,758 10,946
Commitments and contingencies (Note 7)
Stockholders' equity (deficit)    
Preferred stock, $0.001 par value; 5,000,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.001 par value; 100,000,000 shares authorized; 30,207,494 and 3,378,895 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 30 3
Additional paid-in capital 160,286 159,384
Accumulated other comprehensive loss (38) (41)
Accumulated deficit (167,443) (153,367)
Total stockholders’ equity (deficit) (7,165) 5,979
Total liabilities and stockholders’ equity $ 21,593 $ 16,925