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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 48,438 $ 90,584
Short-term investments 2,837 56,835
Prepaid expenses and other current assets 3,566 5,682
Insurance recovery receivable related to legal settlement (Note 7)   1,628
Total current assets 54,841 154,729
Restricted cash 631 631
Property and equipment, net 2,444 3,388
Operating lease right-of-use asset 808 1,049
Other long-term assets 55 448
Total assets 58,779 160,245
Current liabilities:    
Accounts payable 319 129
Accrued liabilities 12,402 18,343
Accrued legal settlement (Note 7)   10,000
Current operating lease liability 414 368
Total current liabilities 13,135 28,840
Operating lease liability, less current portion 803 1,217
Total liabilities 13,938 30,057
Stockholders' equity:    
Common stock, $0.0001 par value; 900,000,000 shares authorized at December 31, 2024 and December 31, 2023, respectively; 39,040,945 and 38,172,603 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 4 4
Additional paid-in capital 450,982 439,739
Accumulated other comprehensive income (loss) 1 (349)
Accumulated deficit (406,146) (309,206)
Total stockholders' equity 44,841 130,188
Total liabilities and stockholders' equity $ 58,779 $ 160,245