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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 31,735 $ 40,577
Prepaid expenses and other current assets 2,170 2,448
Total current assets 33,905 43,025
Property and equipment, net 1,276 1,404
Operating lease right-of-use assets 19,142 19,924
Restricted cash 1,993 1,993
Total assets 56,316 66,346
Current liabilities:    
Accounts payable 725 1,179
Restructuring liability 4,039 4,347
Accrued expenses and other current liabilities 2,247 2,586
Operating lease liabilities 4,243 4,121
Deferred revenue 216 398
Total current liabilities 11,470 12,631
Operating lease liabilities, net of current portion 29,113 30,259
Deferred revenue, net of current portion 11,861 11,862
Total liabilities 52,444 54,752
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at March 31, 2025 and December 31, 2024; no shares issued and outstanding at March 31, 2025 and December 31, 2024
Common stock, $0.001 par value; 200,000,000 shares authorized at March 31, 2025 and December 31, 2024; 65,880,561 and 65,515,440 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 66 65
Additional paid-in capital 417,143 416,319
Accumulated deficit (413,337) (404,790)
Total stockholders’ equity 3,872 11,594
Total liabilities and stockholders’ equity $ 56,316 $ 66,346