Quarterly report [Sections 13 or 15(d)]

Balance Sheets

v3.25.2
Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 22,327 $ 26,142
Prepaid expenses and other current assets 7,199 4,806
Total current assets 29,526 30,948
Right of use asset, net 386 645
Property and equipment, net 83 75
Total assets 29,995 31,668
Current liabilities:    
Accounts payable 775 1,058
Accrued liabilities 2,168 3,562
Warrant liability 10,214 18,936
Operating lease liability - current 409 564
Total current liabilities 13,566 24,120
Operating lease liability – long term 117
Total liabilities 13,566 24,237
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, value
Common stock, $0.001 par value per share – 400,000,000 shares authorized at December 31, 2024, and June 30, 2025; 11,384,236 and 14,111,852 shares issued and outstanding at December 31, 2024, and June 30, 2025, respectively 122 114
Additional paid-in capital 123,454 108,587
Accumulated deficit (107,147) (101,270)
Total stockholders’ equity 16,429 7,431
Total liabilities and stockholders’ equity 29,995 31,668
Series A-2 Prime Preferred Stock    
Stockholders’ equity:    
Preferred stock, value
Series B-2 Preferred Stock    
Stockholders’ equity:    
Preferred stock, value