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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 40,577,000 $ 22,353,000
Short-term investments 0 80,400,000
Prepaid expenses and other current assets 2,448,000 2,068,000
Total current assets 43,025,000 104,821,000
Property and equipment, net 1,404,000 2,043,000
Operating lease right-of-use assets 19,924,000 33,233,000
Restricted cash 1,993,000 1,392,000
Other assets 0 1,111,000
Total assets 66,346,000 142,600,000
Current liabilities:    
Accounts payable 1,179,000 3,131,000
Restructuring liability 4,347,000  
Accrued expenses and other current liabilities 2,586,000 9,374,000
Operating lease liabilities 4,121,000 5,434,000
Deferred revenue 398,000 1,658,000
Total current liabilities 12,631,000 19,597,000
Total operating lease liability, net of current portion 30,259,000 21,447,000
Deferred revenue, net of current portion 11,862,000 12,136,000
Total liabilities 54,752,000 53,180,000
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2024 and 2023; no shares issued and outstanding at December 31, 2024 and 2023
Common stock, $0.001 par value; 200,000,000 shares authorized at December 31, 2024 and 2023; 65,515,440 and 57,214,550 shares issued and outstanding as of December 31, 2024 and 2023, respectively 65,000 57,000
Additional paid-in capital 416,319,000 400,685,000
Accumulated other comprehensive income, net of tax 0 33,000
Accumulated deficit (404,790,000) (311,355,000)
Total stockholders’ equity 11,594,000 89,420,000
Total liabilities and stock and stockholders’ equity $ 66,346,000 $ 142,600,000