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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net Income (Loss) $ (31,079) $ (38,878)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 2,659 2,497
Depreciation and amortization 67 84
Change in the fair value of contingent consideration liabilities 2,456 4,765
Change in fair value of long-term debt 828 803
Change in fair value of warrants 4,464 0
Non-cash goodwill and intangible asset impairment charge 0 17,130
Amortization of discount on available-for-sale investments (590) (1,266)
Changes in operating assets and liabilities, net of acquisitions:    
Prepaid expenses and other current assets 588 (2,042)
Right of use assets, operating leases and operating lease liabilities 53 (181)
Other assets (121) (118)
Accounts payable (1,417) 401
Accrued expenses and other current liabilities 1,076 (287)
Net cash used in operating activities (21,016) (17,092)
Cash flow from investing activities:    
Purchase of investments (13,789) (85,721)
Proceeds from maturities of investments 31,000 89,735
Purchase of property and equipment (274) (78)
Net cash provided by investing activities 16,937 3,936
Cash flows from financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 183 225
Proceeds from issuance of common stock, common warrants, and pre-funded warrants pursuant to private placement offering, net of issuance costs 11,426 0
Proceeds from issuance of common stock upon public offering, net of issuance costs 2,890 0
Net cash provided by financing activities 14,499 225
Effect of exchange rate changes on cash 194 69
Net increase in cash and cash equivalents 10,614 (12,862)
Cash and cash equivalents at beginning of period 6,212 20,752
Cash and cash equivalents at end of period 16,826 7,890
Supplemental disclosures of non-cash information:    
Interest payment on long-term debt (117) 0
Offering costs in accounts payable and accrued expenses 193 0
Right-of-use assets obtained in exchange for new operating lease liabilities $ 0 $ 227