Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 15,647 $ 3,025
Marketable securities 44,243 41,122
Prepaid expenses and other assets 481 227
Amounts receivable 258 236
Total current assets 60,629 44,610
Non-current assets:    
Deferred offering costs 400 0
Operating lease right-of-use asset 197 279
Property and equipment, net 145 148
Deposits 0 1,308
Total non-current assets 742 1,735
Total assets 61,371 46,345
Liabilities, Current [Abstract]    
Accounts payable 1,475 940
Accrued liabilities 3,545 4,347
Operating lease obligation 101 90
Finance lease obligation 11 13
Total current liabilities 5,132 5,390
Liabilities, Noncurrent [Abstract]    
Operating lease obligation, non-current 124 225
Finance lease obligation, non-current 4 12
Total non-current liabilities 128 237
Commitments and Contingencies  
Shareholders' Equity:    
Common shares, no par value; unlimited authorized; 53,742,370 and 42,818,660 shares issued and outstanding, as of December 31, 2025 and 2024, respectively 0 0
Paid-in capital 228,829 180,697
Accumulated other comprehensive income 50 23
Accumulated deficit (172,768) (140,002)
Total shareholders’ equity 56,111 40,718
Total liabilities and shareholders’ equity $ 61,371 $ 46,345