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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 42,418 $ 60,652
Short-term investments 1,979 65,039
Prepaid expenses and other current assets 3,994 5,609
Total current assets 48,391 131,300
Operating lease right-of-use assets 33,529 33,611
Property and equipment, net 10,811 11,607
Restricted cash 1,976 1,976
Deposit and other long-term assets 1,472 1,347
Total assets 96,179 179,841
Current liabilities:    
Accounts payable 4,748 1,610
Accrued expenses and other current liabilities 19,245 15,620
Lease liability, current portion 7,363 5,668
Total current liabilities 31,356 22,898
Lease liability, net of current portion 84,858 86,037
Other non-current liabilities 184 192
Total liabilities 116,398 109,127
Commitments and contingencies (Note 4)
Stockholders’ (deficit) equity:    
Preferred stock 0 0
Common stock 2 2
Additional paid-in capital 1,143,391 1,138,070
Accumulated other comprehensive loss (451) (407)
Accumulated deficit (1,163,161) (1,066,951)
Total stockholders’ (deficit) equity (20,219) 70,714
Total liabilities and stockholders’ (deficit) equity $ 96,179 $ 179,841