v3.25.3
Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
License and other revenue (includes $171 and $81 from a related party for the three months ended September 30, 2025 and 2024, respectively, and $655and $237 for the nine months ended September 30, 2025 and 2024, respectively) $ 201 $ 1,038 $ 3,023 $ 1,358
Type of Revenue [Extensible List] us-gaap:LicenseMember us-gaap:LicenseMember us-gaap:LicenseMember us-gaap:LicenseMember
Operating expenses:        
Cost of goods sold $ 0 $ 0 $ 248 $ 0
Research and development (includes $255 and $473 to a related party for the three and nine months ended September 30, 2024, respectively) 2,933 4,128 8,980 14,346
General and administrative 4,308 2,844 9,608 8,745
Total operating expenses 7,241 6,972 18,836 23,091
Loss from operations (7,040) (5,934) (15,813) (21,733)
Interest income 65 338 343 1,104
Other income, net 3,573 365 5,500 783
Non-cash interest expense on liability related to the sales of future royalties (2,570) (2,457) (8,005) (7,200)
Loss before income taxes (5,972) (7,688) (17,975) (27,046)
Income tax expense 0 0 715 0
Net loss $ (5,972) $ (7,688) $ (18,690) $ (27,046)
Net loss per share of common stock - basic [1] $ (1.14) $ (1.54) $ (3.61) $ (5.55)
Net loss per share of common stock - diluted [1] $ (1.14) $ (1.54) $ (3.61) $ (5.55)
Weighted average shares outstanding - basic [1] 5,233,981 4,983,032 5,184,275 4,874,398
Weighted average shares outstanding - diluted [1] 5,233,981 4,983,032 5,184,275 4,874,398
Net Income (Loss) $ (5,972) $ (7,688) $ (18,690) $ (27,046)
Unrealized gain on available-for-sale investments 0 (6) 0 (5)
Comprehensive loss $ (5,972) $ (7,682) $ (18,690) $ (27,041)
[1]

(1) Results, including shares issued and outstanding have been adjusted to reflect the one-for-fifteen reverse stock split effected in September 2025. See Note 1, The Company, for details.