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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net loss $ (16,109) $ (53,196)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 3,234 5,884
Depreciation expense 486 484
Non-cash lease expense 132 116
Amortization of premiums and accretion of discounts on available-for-sale securities, net (192) (431)
Loss on disposal of equipment   7
Changes in operating assets and liabilities:    
Prepaid expenses and other current and long-term assets, net 1,164 1,141
Accounts payable and accrued liabilities (10,179) (1,961)
Operating lease liability (200) (178)
Net cash used in operating activities (21,664) (48,134)
Investing activities    
Purchases of available-for-sale securities (16,269) (11,322)
Maturities of available-for-sale securities 9,359 50,958
Purchases of property and equipment   (33)
Net cash (used in) provided by investing activities (6,910) 39,603
Financing activities    
Proceeds from issuance of common stock under employee stock purchase plan 24 148
Net cash provided by financing activities 24 148
Net decrease in cash, cash equivalents and restricted cash (28,550) (8,383)
Cash, cash equivalents and restricted cash, beginning of period 49,069 91,215
Cash, cash equivalents and restricted cash, end of period $ 20,519 $ 82,832