XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 126,003 $ 98,165
Short-term marketable securities 119,658 188,912
Prepaid expenses and other current assets 7,223 9,395
Total current assets 252,884 296,472
Operating lease, right-of-use assets 19,599 20,097
Property and equipment, net 6,453 6,467
Other assets 4,862 4,862
Total assets 283,798 327,898
Current liabilities:    
Accounts payable 14,154 12,013
Accrued expenses and other current liabilities 33,553 42,132
Operating lease liabilities 1,611 1,565
Total current liabilities 49,318 55,710
Operating lease liabilities, net of current portion 15,480 15,902
Other liabilities 5  
Total liabilities 64,803 71,612
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, value
Common stock, $0.001 par value; 300,000,000 shares authorized; 113,856,454 and 110,461,729 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 114 110
Additional paid-in capital 1,042,021 1,004,612
Accumulated other comprehensive income 164 447
Accumulated deficit (931,469) (859,483)
Total stockholders’ equity 218,995 256,286
Total liabilities and stockholders’ equity 283,798 327,898
Series A Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 54,080 56,515
Series B Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value $ 54,085 $ 54,085