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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 $ 20,111 $ 25,229
Short-term investments 6,160 26,494
Accounts receivable 4,281 5,761
Unbilled receivable from government contracts 36,781 6,208
Prepaid expenses and other current assets 3,046 4,568
Total current assets 70,379 68,260
Property and equipment, net 6,926 8,705
Prepaid clinical services, long-term 60,116 60,116
Right-of-use assets, net 18,137 20,404
Intangible assets, net 3,192 3,557
Goodwill 4,508 4,508
Other long-term assets 827 839
Total assets 164,085 166,389
Current liabilities:    
Accounts payable 10,611 6,963
Other accrued current liabilities 35,727 11,378
Current portion of operating lease liability 3,486 3,077
Current portion of liability related to sale of future royalties 2,677 4,060
Total current liabilities 117,878 90,878
Operating lease liability, net of current portion 12,627 14,449
Liability related to sale of future royalties, net of current portion 230 1,698
Other long-term liabilities 472 439
Total liabilities 131,207 107,464
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock: $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock: $0.0001 par value; 350,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 229,417,137 shares issued and 228,912,563 shares outstanding as of June 30, 2025 and 228,203,822 shares issued and 227,774,275 shares outstanding as of December 31, 2024 23 23
Additional paid-in capital 540,328 535,770
Treasury stock at cost, 504,574 shares as of June 30, 2025 and 429,547 shares as of December 31, 2024 (367) (350)
Accumulated deficit (507,099) (476,522)
Accumulated other comprehensive income (loss) (7) 4
Total stockholders’ equity 32,878 58,925
Total liabilities and stockholders’ equity 164,085 166,389
Government Contract [Member]    
Current liabilities:    
Deferred government revenue $ 65,377 $ 65,400