XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 77,596 $ 110,995
Prepaid expenses and other current assets 2,843 2,071
Total current assets 80,439 113,066
Property and equipment, net 5,490 6,322
Restricted cash and cash equivalents 895 1,220
Operating lease right of use asset 5,620 6,001
Other assets 122 320
Total assets 92,566 126,929
Current liabilities:    
Accounts payable 2,774 3,035
Accrued expenses and other current liabilities 8,543 10,588
Operating lease liability, current 1,454 1,557
Note payable, current 2,400 0
Total current liabilities 15,171 15,180
Operating lease liability, net of current portion 8,587 9,435
Note payable, net of discount, issuance costs, and current portion 24,705 26,095
Derivative liability 2,639 2,829
Total liabilities 51,102 53,539
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 5,000,000 shares authorized as of June 30, 2025 and December 31, 2024; no shares issued or outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value, 200,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 45,335,265 and 44,827,159 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 5 5
Additional paid-in capital 492,118 487,973
Accumulated deficit (450,659) (414,588)
Total stockholders’ equity 41,464 73,390
Total liabilities and stockholders’ equity $ 92,566 $ 126,929