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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 79,398 $ 49,898
Current portion of security deposits   254
Prepaid expenses and other current assets 4,248 4,234
Total current assets 83,646 54,386
Noncurrent portion of security deposits 253  
Operating lease right-of-use asset 2,792 447
TOTAL ASSETS 86,691 54,833
CURRENT LIABILITIES:    
Current portion of operating lease liabilities 406 429
Accounts payable 4,433 1,742
Accrued expenses and other current liabilities 16,143 15,286
Warrant liabilities 6,314 53,725
Total current liabilities 27,296 71,182
NONCURRENT LIABILITIES:    
Noncurrent portion of operating lease liabilities 2,389 38
Clinical holdback - long-term portion   759
Total noncurrent liabilities 2,389 797
Total liabilities 29,685 71,979
Commitments and Contingencies (Note 15)
STOCKHOLDERS' (DEFICIT)/EQUITY:    
Common stock, $0.0001 par value; 250,000,000 shares authorized as of December 31, 2024 and 200,000,000 shares authorized as of December 31, 2023; 137,228,741 shares issued and outstanding as of December 31, 2024 and 84,869,832 shares issued and outstanding as of December 31, 2023 35 8
Preferred stock, par value $0.0001; 10,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023 0 0
Additional paid-in capital 631,181 451,432
Accumulated deficit (574,210) (468,586)
Total stockholders' equity/(deficit) 57,006 (17,146)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) $ 86,691 $ 54,833