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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 76,301 $ 66,446
Marketable securities 108,922 197,918
Collaboration receivable 1,224  
Tenant receivable   3,960
Prepaid expenses and other current assets 6,456 4,294
Total current assets 192,903 272,618
Property and equipment, net 15,293 25,799
Operating lease right-of-use assets 20,310 69,852
Restricted cash 2,152 5,791
Other long-term assets 539 698
Total assets 231,197 374,758
Current liabilities:    
Accounts payable 1,408 2,346
Accrued expenses and other current liabilities 10,059 16,529
Deferred revenue 10,582 12,919
Operating lease liability 13,006 8,120
Total current liabilities 35,055 39,914
Deferred revenue, net of current portion 29,161 41,942
Operating lease liability, net of current portion 80,554 89,774
Other liabilities, net of current portion 223  
Total liabilities 144,993 171,630
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 5,000,000 shares authorized and no shares issued or outstanding at December 31, 2024 and December 31, 2023
Common stock, $0.0001 par value; 150,000,000 shares authorized at December 31, 2024 and December 31, 2023; 66,971,977 and 66,205,550 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 7 7
Additional paid-in capital 789,083 774,224
Accumulated other comprehensive income 159 274
Accumulated deficit (703,045) (571,377)
Total stockholders' equity 86,204 203,128
Total liabilities and stockholders' equity $ 231,197 $ 374,758