Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 80,235	$ 74,015
Available-for-sale securities	68,685	49,625
Prepaid expenses and other current assets	8,382	6,094
Total current assets	157,302	129,734
Non-current assets:
Operating lease, right-of-use asset	24,295	26,539
Property and equipment, net	4,747	6,624
Other non-current assets	366	209
Restricted cash	1,952	1,833
Total non-current assets	31,360	35,205
Total assets	188,662	164,939
Current liabilities:
Accounts payable	4,237	2,032
Accrued expenses and other current liabilities	19,852	10,161
Operating lease liabilities	1,787	1,855
Finance lease liabilities	1,231	469
Derivative liabilities	3,150	0
Total current liabilities	30,257	14,517
Non-current liabilities:
Operating lease liabilities, net of current portion	21,159	22,707
Finance lease obligations, net of current portion	0	1,234
Total non-current liabilities	21,159	23,941
Total liabilities	51,416	38,458
Commitments and Contingencies (Note 11)
Stockholders’ Equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2024 and 2023; no shares issued and outstanding at December 31, 2024 and 2023
Common stock, $0.001 par value; 120,000,000 and 60,000,000 shares authorized at December 31, 2024 and 2023, respectively; 40,468,141 and 20,386,606 shares issued and outstanding at December 31, 2024 and 2023, respectively	40	20
Additional paid-in capital	920,609	785,199
Accumulated other comprehensive income	47	15
Accumulated deficit	(783,450)	(658,753)
Total stockholders' equity	137,246	126,481
Total liabilities and stockholders' equity	$ 188,662	$ 164,939

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).