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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (93,435) $ (62,680)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 6,716 5,887
Depreciation expense 471 278
Impairment of property and equipment 1,883 1,592
Write-off of deferred financing costs 140  
Impairment of right-of-use assets 22,836  
Net amortization of discount on short-term investments (2,276) (3,496)
Changes in assets and liabilities:    
Prepaid expenses and other current assets (380) 867
Operating lease right-of-use assets 1,353 (5,137)
Other assets 1,111 210
Accounts payable (1,887) 450
Accrued expenses and other current liabilities (5,975) 1,491
Restructuring liability 4,347  
Operating lease liabilities (3,381) (1,208)
Deferred revenue (1,534) (1,558)
Net cash used in operating activities (70,011) (63,304)
Cash flows from investing activities:    
Purchases of property and equipment (2,338) (1,047)
Purchases of short-term investments (47,949) (122,423)
Maturity of short-term investments 130,592 110,886
Net cash provided by (used in) investing activities 80,305 (12,584)
Cash flows from financing activities:    
Proceeds from sale of common stock, warrants and pre-funded warrants 8,818 69,242
Payment of deferred offering costs (290) (3,654)
Proceeds from exercise of stock options 3 103
Net cash provided by financing activities 8,531 65,691
Net increase (decrease) in cash, cash equivalents and restricted cash 18,825 (10,197)
Cash and cash equivalents and restricted cash, beginning of period 23,745 33,942
Cash and cash equivalents and restricted cash, end of period 42,570 23,745
Supplemental disclosure of non-cash financing and investing activities:    
Property and equipment purchases included in accounts payable and accrued expenses   623
Prepaid expenses for right-of-use asset included in operating lease liabilities   2,786
Modification of lease agreement   4,931
Other assets included in accounts payable and other current liabilities $ 13,667  
Right-of-use asset in exchange for lease liability   $ 18,156