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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (15,350) $ (11,924)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 909 179
Non-cash interest expense 25 29
Non-cash lease expense 297 140
Non-cash (income) expense from collaborative arrangements, net (668) 913
Stock-based compensation expense 1,885 1,761
Other 10 9
Changes in assets and liabilities:    
Prepaid expenses and other current assets (3,002) (117)
Accounts payable and accrued expenses (3,268) (1,446)
Lease obligations (195) (139)
Net cash used in operating activities (19,357) (10,595)
Cash flows from investing activities    
Purchases of property and equipment (16) (2,352)
Payment of long term deposits (86) 0
Net cash used in investing activities (102) (2,352)
Cash flows from financing activities    
Payments from issuance of common stock, net (245) (145)
Payment of EB-5 loan (1,000) 0
Net cash used in financing activities (1,245) (145)
Effect of changes in exchange rate on cash and restricted cash (8) 5
Net (decrease) in cash and restricted cash (20,712) (13,087)
Cash and restricted cash at beginning of period 58,821 39,462
Cash and restricted cash at end of period 38,109 26,375
Supplemental disclosure of non-cash investing and financing transactions:    
Purchases of property and equipment 0 371
Right-of-use assets $ 428 $ 0