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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net loss $ (50,140) $ (40,174)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 2,786 1,370
Non-cash interest expense 75 87
Non-cash lease expense 944 634
Non-cash (income) expense from collaborative arrangements, net (2,684) (2,406)
Stock-based compensation expense 5,705 5,551
Other 29 28
Changes in assets and liabilities:    
Prepaid expenses and other current assets (1,913) 1,701
Accounts payable and accrued expenses 2,105 2,048
Other non-current liabilities 90 (617)
Net cash used in operating activities (43,003) (31,778)
Cash flows from investing activities    
Purchases of property and equipment (150) (3,372)
Payment of security deposits (126) 0
Net cash used in investing activities (276) (3,372)
Cash flows from financing activities    
Issuance of common stock and warrants, net 18,326 37,575
Payment of EB-5 Loan (1,000) (2,889)
Net cash provided by financing activities 17,326 34,686
Effect of changes in exchange rate on cash and restricted cash 10 3
Net decrease in cash and restricted cash (25,943) (461)
Cash and restricted cash at beginning of period 58,821 39,462
Cash and restricted cash at end of period 32,879 39,001
Supplemental disclosure of non-cash investing and financing transactions:    
Purchases of property and equipment 19 0
Series B Convertible Preferred Stock reacquisition 0 1
Right-of-use asset related to operating leases $ 1,316 $ 103