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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues $ 0 $ 0 $ 0 $ 0
Operating expenses:        
Research and development 3,600 4,090 7,036 8,342
General and administrative 2,091 2,064 4,568 4,457
Depreciation and amortization 29 31 59 63
Total operating expenses 5,720 6,185 11,663 12,862
Loss from operations (5,720) (6,185) (11,663) (12,862)
Other income (loss):        
Gain from change in fair value of warrant liability 9,609 1,696 18,663 3,151
Transaction costs allocated to warrant liabilities (1,207) 0 (2,995) 0
Loss on issuance of warrant liabilities (10,352) 0 (18,150) 0
Other income, net 4 11 13 22
Interest income, net 26 159 56 400
Net loss $ (7,640) $ (4,319) $ (14,076) $ (9,289)
Net loss per common share - basic and diluted (in dollars per share) $ (0.49) $ (1.7) $ (1.13) $ (3.71)
Weighted average common shares outstanding, basic and diluted (in shares) 15,526,401 2,543,244 12,452,165 2,504,709
Net loss $ (7,640) $ (4,319) $ (14,076) $ (9,289)
Other comprehensive income (loss):        
Foreign currency translation 0 8 3 (1)
Comprehensive loss $ (7,640) $ (4,311) $ (14,073) $ (9,290)