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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 $ 6,703 $ 4,278
Prepaid expenses and other current assets 1,182 916
Total current assets 7,885 5,194
Intangible assets 11,148 11,148
Other non-current assets 900 0
Operating lease right-of-use asset 343 424
Furniture and equipment, net 77 159
Total assets 20,353 16,925
Current liabilities:    
Accounts payable 2,116 2,030
Accrued expenses and other current liabilities 3,566 3,329
Total current liabilities 5,682 5,359
Operating lease liability - long-term, net of current portion 258 358
Warrant liability 41,333 0
Total liabilities 47,273 5,717
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; 500,000,000 shares authorized; 49,498,576 and 3,378,895 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 49 3
Additional paid-in capital 194,631 183,690
Accumulated other comprehensive loss (44) (41)
Accumulated deficit (221,556) (172,444)
Total stockholders’ equity (deficit) (26,920) 11,208
Total liabilities and stockholders’ equity $ 20,353 $ 16,925