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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 66,143,000 $ 67,739,000
Short-term marketable securities 234,518,000 230,570,000
Prepaid expenses and other current assets 9,999,000 10,484,000
Total current assets 310,660,000 308,793,000
Long-term marketable securities 86,088,000 142,164,000
Property and equipment, net 14,825,000 16,321,000
Operating lease assets 30,814,000 32,218,000
Restricted cash 408,000 408,000
Other assets 2,591,000 2,622,000
Total assets 445,386,000 502,526,000
Current liabilities:    
Accounts payable 1,663,000 468,000
Accrued expenses and other current liabilities 21,779,000 26,308,000
Operating lease liabilities 4,709,000 4,619,000
Total current liabilities 28,151,000 31,395,000
Operating lease liabilities, net of current portion 44,714,000 47,270,000
Other liabilities 263,000 362,000
Total liabilities 73,128,000 79,027,000
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 80,000,000 shares authorized at June 30, 2025 and December 31, 2024; no shares issued and outstanding at June 30, 2025 and December 31, 2024
Common stock, $0.0001 par value; 800,000,000 shares authorized at June 30, 2025 and December 31, 2024; 283,650,139 and 283,218,344 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 28,000 28,000
Additional paid-in capital 1,204,320,000 1,190,729,000
Accumulated other comprehensive income 415,000 405,000
Accumulated deficit (832,505,000) (767,663,000)
Total stockholders' equity 372,258,000 423,499,000
Total liabilities and stockholders' equity $ 445,386,000 $ 502,526,000