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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 29,784 $ 40,577
Prepaid expenses and other current assets 1,279 2,448
Total current assets 31,063 43,025
Property and equipment, net 1,159 1,404
Operating lease right-of-use assets 18,358 19,924
Restricted cash 1,993 1,993
Total assets 52,573 66,346
Current liabilities:    
Accounts payable 680 1,179
Restructuring liability 3,486 4,347
Accrued expenses and other current liabilities 2,413 2,586
Operating lease liabilities 4,552 4,121
Deferred revenue 32 398
Total current liabilities 11,163 12,631
Operating lease liabilities, net of current portion 27,926 30,259
Deferred revenue, net of current portion 11,862 11,862
Total liabilities 50,951 54,752
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at June 30, 2025 and December 31, 2024; no shares issued and outstanding at June 30, 2025 and December 31, 2024
Common stock, $0.001 par value; 200,000,000 shares authorized at June 30, 2025 and December 31, 2024; 1,625,376 and 1,310,308 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 2 1
Additional paid-in capital 422,394 416,383
Accumulated deficit (420,774) (404,790)
Total stockholders’ equity 1,622 11,594
Total liabilities and stockholders’ equity $ 52,573 $ 66,346