XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 30,421 $ 79,398
Prepaid expenses and other current assets 4,090 4,248
Total current assets 34,511 83,646
Security deposits 252 253
Operating lease right-of-use asset 2,579 2,792
TOTAL ASSETS 37,342 86,691
CURRENT LIABILITIES:    
Current portion of operating lease liabilities 447 406
Accounts payable 4,861 4,433
Accrued expenses and other current liabilities 10,668 16,143
Warrant liabilities 1,773 6,314
Total current liabilities 17,749 27,296
NONCURRENT LIABILITIES:    
Noncurrent portion of operating lease liabilities 2,155 2,389
Total noncurrent liabilities 2,155 2,389
Total liabilities 19,904 29,685
STOCKHOLDERS' EQUITY:    
Common stock, $0.0001 par value; 250,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 141,938,335 shares issued and outstanding as of June 30, 2025 and 137,228,741 shares issued and outstanding as of December 31, 2024 35 35
Preferred stock, par value $0.0001; 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024
Additional paid-in capital 634,768 631,181
Accumulated deficit (617,365) (574,210)
Total stockholders' equity 17,438 57,006
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 37,342 $ 86,691