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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (38,646) $ (16,483)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 3,176 5,377
Depreciation 69 734
Accretion of discounts on marketable securities (1,564) (3,004)
Non-cash lease income (4) (193)
Loss on sales and disposals of fixed assets, net 38  
Other, net (16) 7
Change in operating assets and liabilities:    
Prepaid expenses and other assets 3,167 (1,518)
Operating lease right-of-use assets and liabilities   241
Accounts payable (3,981) 1,296
Accrued expenses 1,193 (4,239)
Net cash used in operating activities (36,568) (17,782)
Cash flows from investing activities:    
Purchases of property and equipment (15) (598)
Proceeds from sale of property and equipment 30  
Purchases of marketable securities (46,689) (71,374)
Maturities of marketable securities 86,374 100,461
Net cash provided (used) by investing activities 39,700 28,489
Cash flows from financing activities:    
Proceeds from the exercise of stock options and common stock issued under the 2020 EIP 113 141
Net cash provided by financing activities 113 141
Impact of exchange rates on cash, cash equivalents, and restricted cash 6 (28)
Net increase (decrease) in cash and cash equivalents 3,251 10,820
Cash, cash equivalents, and restricted cash    
Cash, cash equivalents, and restricted cash - beginning of period 40,876 38,528
Cash, cash equivalents, and restricted cash - end of period $ 44,127 $ 49,348