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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 50,746,000 $ 53,814,000
Short-term investments 10,276,000 9,993,000
Accounts receivable 7,139,000 14,564,000
Unbilled receivable from government contracts 50,435,000 36,781,000
Prepaid expenses and other current assets 13,108,000 20,971,000
Total current assets 131,704,000 136,123,000
Property and equipment, net 4,827,000 5,433,000
Prepaid clinical services, long-term 25,218,000 25,218,000
Right-of-use assets, net 10,642,000 11,432,000
Intangible assets, net 2,643,000 2,826,000
Goodwill 4,508,000 4,508,000
Other long-term assets 513,000 539,000
Total assets 180,055,000 186,079,000
Current liabilities:    
Accounts payable 24,185,000 21,496,000
Other accrued current liabilities 36,526,000 47,879,000
Current portion of operating lease liability 2,530,000 2,978,000
Current portion of liability related to sale of future royalties 1,862,000 1,381,000
Total current liabilities 76,842,000 86,754,000
Operating lease liability, net of current portion 5,438,000 6,007,000
Liability related to sale of future royalties, net of current portion 2,372,000 2,679,000
Other long-term liabilities 841,000 817,000
Total liabilities 85,938,000 98,281,000
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock: $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of March 31, 2026 and December 31, 2025 0 0
Common stock: $0.0001 par value; 350,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 242,169,130 shares issued and 241,414,053 shares outstanding as of March 31, 2026 and 240,742,681 shares issued and 240,494,594 shares outstanding as of December 31, 2025 24,000 24,000
Additional paid-in capital 549,613,000 548,131,000
Treasury stock at cost, 755,077 shares as of March 31, 2026 and 248,087 shares as of December 31, 2025 (497,000) (159,000)
Accumulated deficit (455,016,000) (460,195,000)
Accumulated other comprehensive loss (7,000) (3,000)
Total stockholders’ equity 94,117,000 87,798,000
Total liabilities and stockholders’ equity 180,055,000 186,079,000
Government Contract [Member]    
Current liabilities:    
Deferred revenue 23,000 68,000
Collaboration Revenue [Member]    
Current liabilities:    
Deferred revenue 11,716,000 12,952,000
Deferred collaboration revenue, net of current portion $ 445,000 $ 2,024,000