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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 13,226 $ 11,120
Prepaid expenses and other current assets 515 1,458
Total Current Assets 13,741 12,578
Non-current assets    
Property and equipment, net 2,347 2,858
Restricted cash 271 266
Right-of-use assets - finance leases 542 1,068
Right of use assets - operating leases 2,195 3,899
Other non-current assets 275 275
Total Non-Current Assets 5,630 8,366
Total Assets 19,371 20,944
Current liabilities    
Accounts payable 379 389
Accrued expenses and other current liabilities 635 1,047
Less: Short-term finance lease liability 404 694
Less: short-term operating lease liability 536 953
Total Current Liabilities 1,954 3,083
Long-term finance lease liability 126 295
Long-term operating lease liability 2,052 3,088
Total Non-Current Liabilities 2,178 3,383
Total Liabilities 4,132 6,466
Stockholders' Equity    
Preferred stock, par value $0.0001 per share; 10,000,000 shares authorized at June 30, 2025 and December 31, 2024, respectively; no shares issued and outstanding 0 0
Common stock, par value $0.0001 per share; 490,000,000 shares authorized at June 30, 2025 and December 31, 2024; 4,078,139 and 2,416,066 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively [1] 10 7
Additional paid-in capital 147,529 136,127
Accumulated deficit (132,300) (121,656)
Total Stockholders' Equity 15,239 14,478
Total Liabilities and Stockholders' Equity $ 19,371 $ 20,944
[1] All share amounts and per share amounts disclosed in this Quarterly Report on Form 10-Q have been restated to reflect a one-for-thirty reverse stock split effected in June 2025. See Note 1, Organization and Nature of Operations, for details.