LONA: the balance sheet

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Balance Sheets	2026-06-30	2026-03-31	2025-12-31
Cash and cash equivalents	32,323	32,833	69,276
Short-term investments	18,744	34,846	19,055
Prepaid expenses and other current assets	3,741	1,523	1,127
Total current assets	54,808	69,202	89,458
Restricted cash	631	631	631
Property and equipment, at cost	5,739	5,739	5,739
Less accumulated depreciation	4,725	4,498	4,267
Property and equipment, net	1,014	1,241	1,472
Operating lease right-of-use asset	386	461	535
Other long-term assets	55	55	55
Total assets	56,894	71,590	92,151

Accounts payable	2,420	1,764	4,587
Accrued liabilities	4,906	4,424	4,963
Sermonix pre-funded warrant	-	-	37,488
Current operating lease liability	491	478	465
Total current liabilities	7,817	6,666	47,503
Operating lease liability, less current portion	86	213	338
Milestone liability	14,362	14,187	15,116
Other long-term liabilities	1,034	1,221	1,404
Total liabilities	23,299	22,287	64,361
Common stock, 0.0001 par value400,000,000 and 90,000,000 shares authorized at june 30, 2026 and december 31, 2025, respectively 9,421,663 and 9,335,913 shares issued and outstanding at june 30, 2026 and december 31, 2025, respectively	1	1	1
Additional paid-in capital	597,313	594,018	539,548
Accumulated other comprehensive (loss) income	-9	-13	-4
Accumulated deficit	-563,710	-544,703	-511,755
Total stockholders' equity	33,595	49,303	27,790
Total liabilities and stockholders' equity	56,894	71,590	92,151

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.