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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 $ 16,880 $ 25,229
Short-term investments 11,913 26,494
Accounts receivable 42,716 5,761
Unbilled receivable from government contracts 43,229 6,208
Prepaid expenses and other current assets 2,632 4,568
Total current assets 117,370 68,260
Property and equipment, net 6,064 8,705
Prepaid clinical services, long-term 60,116 60,116
Right-of-use assets, net 17,097 20,404
Intangible assets, net 3,009 3,557
Goodwill 4,508 4,508
Other long-term assets 824 839
Total assets 208,988 166,389
Current liabilities:    
Accounts payable 53,075 6,963
Other accrued current liabilities 44,882 11,378
Current portion of operating lease liability 3,783 3,077
Current portion of liability related to sale of future royalties 2,732 4,060
Total current liabilities 169,300 90,878
Operating lease liability, net of current portion 11,661 14,449
Liability related to sale of future royalties, net of current portion 782 1,698
Other long-term liabilities 489 439
Total liabilities 182,232 107,464
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock: $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Common stock: $0.0001 par value; 350,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 229,471,907 shares issued and 228,957,259 shares outstanding as of September 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 542,346 535,770
Treasury stock at cost, 514,648 shares as of September 30, 2025 and 429,547 shares as of December 31, 2024 (371) (350)
Accumulated deficit (515,240) (476,522)
Accumulated other comprehensive income (loss) (2) 4
Total stockholders’ equity 26,756 58,925
Total liabilities and stockholders’ equity 208,988 166,389
Government Contract [Member]    
Current liabilities:    
Deferred government revenue $ 64,828 $ 65,400