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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,733 $ 19,473
Marketable debt securities, short-term 78,211 107,458
Restricted cash 1,472 1,472
Accounts receivable 3,000  
Prepaid expenses and other current assets 6,540 4,037
Total current assets 99,956 132,440
Property and equipment, net 8,924 9,899
Intangible assets, net 2,488 2,600
Operating lease right-of-use asset 11,847 12,242
Total assets 123,215 157,181
Current liabilities:    
Accounts payable 9,412 4,859
Accrued expenses and other current liabilities 6,698 11,371
Operating lease liabilities, current portion 1,568 1,450
Total current liabilities 17,678 17,680
Operating lease liabilities, net of current portion 17,832 18,650
Financing lease liabilities, net of current portion 62 100
Total liabilities 35,572 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, $0.001 par value per share; 190,000,000 shares authorized; 62,018,135 and 59,967,814 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 62 60
Additional paid-in capital 490,654 484,077
Accumulated other comprehensive (loss) income (5) 170
Accumulated deficit (403,068) (363,556)
Total stockholders' equity 87,643 120,751
Total liabilities and stockholders' equity $ 123,215 $ 157,181