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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 17,878 $ 9,227
Accounts receivable 726 1,923
Prepaid expenses and other current assets 4,238 6,401
Short-term investments 87,121 110,918
Assets held for sale 0 2,563
Total current assets 109,963 131,032
Property and equipment, net 41,604 25,920
Operating lease right-of-use assets 3,959 5,431
Other assets 964 1,079
Long-term investments 59,743 99,584
Total assets 216,233 263,046
Current liabilities    
Accounts payable 2,052 5,243
Current portion of operating lease liabilities 2,644 2,426
Accrued expenses and other current liabilities 5,287 6,622
Total current liabilities 9,983 14,291
Operating lease liabilities, net of current portion 2,353 4,366
Other liabilities 41 0
Total liabilities 12,377 18,657
Commitments and contingencies (Note 10)
Stockholders’ equity    
Common stock, $0.0001 par value; 250,000,000 shares authorized; 186,582,398 and 184,428,472 shares issued at September 30, 2025 and December 31, 2024, respectively; $175,972,328 and $173,818,402 shares outstanding as of September 30, 2025 and December 31, 2024, respectively 19 18
Additional paid-in capital 411,786 408,315
Treasury stock, at cost; $10,610,070 and $10,610,070 shares as of September 30, 2025 and December 31, 2024, respectively (14,132) (14,132)
Accumulated deficit (193,817) (149,812)
Total stockholders’ equity 203,856 244,389
Total liabilities and stockholders’ equity $ 216,233 $ 263,046