XML 25 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Convertible Preferred Stock and Stockholders’ (Deficit) Equity - USD ($)
$ in Thousands
Total
Common stock
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit
Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2022 8,700,885          
Beginning balance at Dec. 31, 2022 $ 107,808          
Convertible preferred stock            
Conversion of convertible preferred stock and non-controlling interests to common stock (in shares) (8,700,885)          
Conversion of convertible preferred stock and non-controlling interests to common stock $ (107,808)          
Ending balance (in shares) at Dec. 31, 2023 0          
Ending balance at Dec. 31, 2023 $ 0          
Beginning balance (in shares) at Dec. 31, 2022   2,217,737        
Beginning balance at Dec. 31, 2022 (142,670) $ 2 $ 1,197 $ (41) $ (158,223) $ 14,395
Stockholders’ (Deficit) Equity            
Exercise of stock options (in shares)   128,716        
Exercise of stock options 187   187      
Stock-based compensation 2,316   2,316      
Unrealized gain on marketable securities 440     440    
Reclassification to net loss of previous unrealized gain on marketable securities (399)     (399)    
Issuance of common stock for cash in pre-closing financing (in shares)   3,730,608        
Issuance of common stock for cash in pre-closing financing 30,640 $ 4 30,636      
Issuance of common stock upon settlement of convertible promissory note, accrued interest, and related derivative liability (in shares)   5,059,338        
Issuance of common stock upon settlement of convertible promissory note, accrued interest, and related derivative liability 42,447 $ 5 42,442      
Issuance of common stock to Sesen Bio shareholders in reverse capitalization (in shares)   10,374,272        
Issuance of common stock to Sesen Bio shareholders in reverse capitalization 72,044 $ 10 72,034      
Conversion of convertible preferred stock and non-controlling interests to common stock (in shares)   18,872,711        
Conversion of convertible preferred stock and non-controlling interests to common stock 107,809 $ 19 122,185     (14,395)
Sale of common stock under Open Market Sales Agreement, net of issuance costs (in shares)   226,533        
Sale of common stock under Open Market Sales Agreement, net of issuance costs 597   597      
Net loss (86,879)       (86,879)  
Ending balance (in shares) at Dec. 31, 2023   40,609,915        
Ending balance at Dec. 31, 2023 $ 26,532 $ 40 271,594 0 (245,102) 0
Ending balance (in shares) at Dec. 31, 2024 0          
Ending balance at Dec. 31, 2024 $ 0          
Stockholders’ (Deficit) Equity            
Exercise of stock options (in shares) 3,810 3,810        
Exercise of stock options $ 4   4      
Stock-based compensation 3,649   3,649      
Unrealized gain on marketable securities 0          
Reclassification to net loss of previous unrealized gain on marketable securities 0          
Sale of common stock under Open Market Sales Agreement, net of issuance costs (in shares)   1,136,384        
Sale of common stock under Open Market Sales Agreement, net of issuance costs 2,383 $ 1 2,382      
Net loss (60,477)       (60,477)  
Ending balance (in shares) at Dec. 31, 2024   41,750,109        
Ending balance at Dec. 31, 2024 $ (27,909) $ 41 $ 277,629 $ 0 $ (305,579) $ 0