XML 13 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Total
Redeemable Convertible Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Balance at Dec. 31, 2023 $ (45,017)     $ 2,377   $ (47,394)
Balance, Shares at Dec. 31, 2023     1,362,481      
Temporary Equity Balance at Dec. 31, 2023   $ 44,408        
Temporary Equity Balance, Shares at Dec. 31, 2023   41,871,340        
Issuance of Series B-2 redeemable convertible preferred stock   $ 1,591        
Issuance of Series B-2 redeemable convertible preferred stock, Shares   1,280,000        
Capital contributions - in-kind services - related party 60     60    
Premium on issuance of convertible promissory notes 793     793    
Stock-based compensation expense 31     31    
Net loss (3,407)         (3,407)
Balance at Mar. 31, 2024 (47,540)     3,261   (50,801)
Balance, Shares at Mar. 31, 2024     1,362,481      
Temporary Equity Balance at Mar. 31, 2024   $ 45,999        
Temporary Equity Balance, Shares at Mar. 31, 2024   43,151,340        
Balance at Dec. 31, 2023 (45,017)     2,377   (47,394)
Balance, Shares at Dec. 31, 2023     1,362,481      
Temporary Equity Balance at Dec. 31, 2023   $ 44,408        
Temporary Equity Balance, Shares at Dec. 31, 2023   41,871,340        
Unrealized gain on available-for-sale securities, net of tax 0          
Net loss (47,141)          
Balance at Sep. 30, 2024 (89,380)     5,155   (94,535)
Balance, Shares at Sep. 30, 2024     1,353,072      
Temporary Equity Balance at Sep. 30, 2024   $ 45,999        
Temporary Equity Balance, Shares at Sep. 30, 2024   43,151,340        
Balance at Mar. 31, 2024 (47,540)     3,261   (50,801)
Balance, Shares at Mar. 31, 2024     1,362,481      
Temporary Equity Balance at Mar. 31, 2024   $ 45,999        
Temporary Equity Balance, Shares at Mar. 31, 2024   43,151,340        
Premium on issuance of convertible promissory notes 1,341     1,341    
Stock-based compensation expense 322     322    
Net loss (5,650)         (5,650)
Balance at Jun. 30, 2024 (51,527)     4,924   (56,451)
Balance, Shares at Jun. 30, 2024     1,362,481      
Temporary Equity Balance at Jun. 30, 2024   $ 45,999        
Temporary Equity Balance, Shares at Jun. 30, 2024   43,151,340        
Stock-based compensation expense 262     262    
Issuance of common stock upon stock option exercises 1     1    
Issuance of common stock upon stock option exercises, Shares     671      
Repurchase of common stock in connection with the royalty agreement (32)     (32)    
Repurchase of common stock in connection with the royalty agreement, Shares     (10,080)      
Unrealized gain on available-for-sale securities, net of tax 0          
Net loss (38,084)         (38,084)
Balance at Sep. 30, 2024 (89,380)     5,155   (94,535)
Balance, Shares at Sep. 30, 2024     1,353,072      
Temporary Equity Balance at Sep. 30, 2024   $ 45,999        
Temporary Equity Balance, Shares at Sep. 30, 2024   43,151,340        
Balance at Dec. 31, 2024 (96,616)     19,945   (116,561)
Balance, Shares at Dec. 31, 2024     1,356,431      
Temporary Equity Balance at Dec. 31, 2024 $ 45,999 $ 45,999        
Temporary Equity Balance, Shares at Dec. 31, 2024 43,151,340 43,151,340        
Premium on issuance of convertible promissory notes $ 186     186    
Issuance of Series B-2 redeemable convertible preferred stock upon conversion of convertible promissory notes in connection with the Merger   $ 3,695        
Issuance of Series B-2 redeemable convertible preferred stock upon conversion of convertible promissory notes in connection with the Merger, Shares   794,499        
Conversion of convertible promissory notes into common stock in connection with the Merger 20,799     20,799    
Conversion of convertible promissory notes into common stock in connection with the Merger, Shares     3,418,839      
Conversion of redeemable convertible preferred stock into common stock in connection with the Merger   $ (49,694)        
Conversion of redeemable convertible preferred stock into common stock in connection with the Merger, Shares   (43,945,839)        
Conversion of redeemable convertible preferred stock into common stock in connection with the Merger 49,694   $ 1 49,693    
Conversion of redeemable convertible preferred stock into common stock in connection with the Merger, Shares     8,859,474      
Recognition of AlloVir common stock outstanding at the closing of the Merger 104,990   $ 1 104,989    
Recognition of AlloVir common stock outstanding at the closing of the Merger, Shares     5,067,674      
Transaction costs related to the Merger (5,357)     (5,357)    
Stock-based compensation expense 374     374    
Net loss (10,196)         (10,196)
Balance at Mar. 31, 2025 63,874   $ 2 190,629   (126,757)
Balance, Shares at Mar. 31, 2025     18,702,418      
Balance at Dec. 31, 2024 (96,616)     19,945   (116,561)
Balance, Shares at Dec. 31, 2024     1,356,431      
Temporary Equity Balance at Dec. 31, 2024 $ 45,999 $ 45,999        
Temporary Equity Balance, Shares at Dec. 31, 2024 43,151,340 43,151,340        
Unrealized gain on available-for-sale securities, net of tax $ 6          
Net loss (33,440)          
Balance at Sep. 30, 2025 41,865   $ 2 191,858 $ 6 (150,001)
Balance, Shares at Sep. 30, 2025     18,702,418      
Temporary Equity Balance at Sep. 30, 2025 $ 0          
Temporary Equity Balance, Shares at Sep. 30, 2025 0          
Balance at Mar. 31, 2025 $ 63,874   $ 2 190,629   (126,757)
Balance, Shares at Mar. 31, 2025     18,702,418      
Stock-based compensation expense 591     591    
Net loss (11,350)         (11,350)
Balance at Jun. 30, 2025 53,115   $ 2 191,220   (138,107)
Balance, Shares at Jun. 30, 2025     18,702,418      
Stock-based compensation expense 638     638    
Unrealized gain on available-for-sale securities, net of tax 6       6  
Net loss (11,894)         (11,894)
Balance at Sep. 30, 2025 41,865   $ 2 $ 191,858 $ 6 $ (150,001)
Balance, Shares at Sep. 30, 2025     18,702,418      
Temporary Equity Balance at Sep. 30, 2025 $ 0          
Temporary Equity Balance, Shares at Sep. 30, 2025 0