XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 71,143 $ 99,704
Marketable securities 184,590 271,209
Accounts and other receivables, net 625 607
Prepaid expenses and other current assets 6,215 9,481
Inventory 2,678 2,305
Total current assets 265,251 383,306
Property and equipment, net 8,762 8,177
Operating lease right-of-use assets 21,089 21,000
Restricted cash 150 150
Other assets 5,895 5,832
Total assets 301,147 418,465
Current liabilities:    
Accounts payable 19,685 11,721
Accrued expenses 11,478 18,103
Deferred revenue 0 17,784
Other current liabilities 2,012 1,440
Total current liabilities 33,175 49,048
Deferred revenue - noncurrent 0 10,853
Operating lease liabilities - noncurrent 21,815 21,858
Other noncurrent liabilities 148 205
Total liabilities 55,138 81,964
Contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $.001 par value, 5,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $.001 par value, 300,000,000 shares authorized at June 30, 2025 and December 31, 2024; 68,889,649 and 68,266,005 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 69 68
Additional paid-in capital 1,222,745 1,208,421
Accumulated deficit (977,637) (873,016)
Accumulated other comprehensive income (loss) 832 1,028
Total stockholders' equity 246,009 336,501
Total liabilities and stockholders' equity $ 301,147 $ 418,465