| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and cash equivalents | $58.0M-30.6% | $83.6M+1037.4% | $7.3M-81.0% | $38.6M |
| Accounts receivable | $0-100.0% | $358K | $0-100.0% | $5.8M |
| German research and development tax credit receivable | $0-100.0% | $2.0M | $0 | — |
| Prepaid expenses and other current assets | $1.0M-56.2% | $2.3M+1059.6% | $198K-93.8% | $3.2M |
| Total current assets | $59.0M-33.1% | $88.2M+1069.0% | $7.5M-89.7% | $73.4M |
| Operating lease right-of-use assets, net | $572K | $0 | — | — |
| Total assets | $59.6M-32.5% | $88.2M+1069.0% | $7.5M-92.1% | $95.5M |
| Accounts payable | $4.6M+0.2% | $4.6M+390.0% | $936K-77.5% | $4.2M |
| Derivative liabilities - contingent value right liability | $2.2M+11.0% | $2.0M | $0 | — |
| Current portion of operating lease liability | $202K | $0 | — | $859K |
| Accrued expenses and other current liabilities | $4.4M-20.5% | $5.5M+284.4% | $1.4M-86.7% | $10.7M |
| Total current liabilities | $11.3M-5.8% | $12.0M+410.1% | $2.4M-93.5% | $36.6M |
| Long-term portion of operating lease liability | $431K | $0 | — | $12.2M |
| Royalty agreement liability | $17.8M+48.7% | $11.9M+48.3% | $8.1M | — |
| Derivative liabilities - royalty agreement | $2.0M+23.9% | $1.6M+62.4% | $1.0M | — |
| Total liabilities | $31.6M+23.2% | $25.6M+124.2% | $11.4M-83.1% | $67.6M |
| Preferred stock, $0.001; 10,000,000 shares authorized; 0 and 15,617 shares issued and outstanding at December 31, 2025 and 2024 | $0 | $0 | $0 | $0 |
| Common stock, $0.001 par value; 200,000,000 shares authorized; 12,380,933 and 11,012,105 shares issued and outstanding at December 31, 2025 and 2024 | $12K+9.1% | $11K | $0-100.0% | $74K |
| Additional paid-in capital | $163.3M+4.5% | $156.3M-54.2% | $341.6M+7.2% | $318.5M |
| Accumulated other comprehensive (loss) income | $83K+2666.7% | $3K | $0+100.0% | -$254K |
| Accumulated deficit | -$135.4M-44.5% | -$93.7M+70.2% | -$315.0M-8.5% | -$290.4M |
| Total stockholders' equity | $28.0M-55.3% | $62.6M+184.1% | -$74.5M-366.7% | $27.9M |
| Total liabilities and stockholders' equity | $59.6M-32.5% | $88.2M+1069.0% | $7.5M-92.1% | $95.5M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.