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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 12,759 $ 19,473
Marketable debt securities, short-term 92,673 107,458
Restricted cash 1,472 1,472
Prepaid expenses and other current assets 4,967 4,037
Total current assets 111,871 132,440
Property and equipment, net 9,403 9,899
Intangible assets, net 2,544 2,600
Operating lease right-of-use asset 12,049 12,242
Total assets 135,867 157,181
Current liabilities:    
Accounts payable 2,846 4,859
Accrued expenses and other current liabilities 10,076 11,371
Operating lease liabilities, current portion 1,508 1,450
Total current liabilities 14,430 17,680
Operating lease liabilities, net of current portion 18,254 18,650
Financing lease liabilities, net of current portion 80 100
Total liabilities 32,764 36,430
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, par value $0.001 per share, 10,000,000 shares authorized; zero shares issued and outstanding
Common stock, par value $0.001 per share; 190,000,000 shares authorized; 61,631,376 and 59,967,814 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 62 60
Additional paid-in capital 487,706 484,077
Accumulated other comprehensive income 49 170
Accumulated deficit (384,714) (363,556)
Total stockholders' equity 103,103 120,751
Total liabilities and stockholders' equity $ 135,867 $ 157,181