Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Current Period Unaudited)

v3.25.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,326 $ 3,025
Marketable securities 51,992 41,122
Prepaid expenses and other assets 445 227
Amounts receivable 260 236
Deposits 200 0
Total current assets 56,223 44,610
Non-current assets:    
Deferred offering costs 456 0
Operating lease right-of-use asset, net 218 279
Property and equipment, net 150 148
Deposits 0 1,308
Total non-current assets 824 1,735
Total assets 57,047 46,345
Liabilities, Current [Abstract]    
Accounts payable 1,920 940
Accrued liabilities 3,239 4,347
Operating lease obligation 99 90
Finance lease obligation 10 13
Total current liabilities 5,268 5,390
Liabilities, Noncurrent [Abstract]    
Operating lease obligation 150 225
Finance lease obligation 7 12
Total non-current liabilities 157 237
Shareholders' Equity:    
Common shares, no par value; unlimited authorized; 52,077,439 and 42,818,660 shares issued and outstanding, as of September 30, 2025 and December 31, 2024, respectively 0 0
Paid-in capital 215,600 180,697
Accumulated other comprehensive income 50 23
Accumulated deficit (164,028) (140,002)
Total shareholders’ equity 51,622 40,718
Total liabilities and shareholders’ equity $ 57,047 $ 46,345