CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 65,483	$ 77,965
Prepaid expenses and other current assets	3,149	3,912
Total current assets	68,632	81,877
Equity investment	2,526	2,600
Property and equipment, net	1,251	1,370
Right-of-use asset, operating leases	5,571	5,722
Restricted cash and restricted cash equivalents	647	647
Other noncurrent assets	444	116
Total assets	79,071	92,332
Current liabilities:
Accounts payable	2,712	2,989
Accrued expenses and other current liabilities	5,265	7,479
CVR liability	1,940	2,900
Venture debt, current portion	4,662	3,097
Total current liabilities	14,579	16,465
Lease liability, net of current portion	5,467	5,636
Venture debt, net of current portion	8,039	9,556
Other noncurrent liabilities	55,000	55,000
Total liabilities	83,085	86,657
Commitments and contingencies (Note 10)
Stockholders' equity (deficit):
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2025 and December 31, 2024	0	0
Common stock, $0.0001 par value; 400,000,000 shares authorized, 12,197,615 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	2	2
Additional paid-in capital	241,829	240,487
Accumulated other comprehensive loss	0	0
Accumulated deficit	(245,845)	(234,814)
Total stockholders' equity (deficit)	(4,014)	5,675
Total liabilities and stockholders' equity (deficit)	$ 79,071	$ 92,332