XML 17 R6.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows used in operating activities:    
Net loss $ (15,380) $ (24,790)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 154 370
Share-based compensation 1,081 1,781
Amortization of premium and discount on marketable securities, net   129
Net gain on lease terminations (2,577)  
Impairment of long-lived assets   2,637
Other non-cash items   14
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets, and other assets 105 (571)
Prepaid research and development 578 (66)
Non-refundable sublicense and transition services payments received 2,500 1,515
Right of use assets and operating lease liabilities (7,332) (215)
Accounts payable (211) 1,653
Accrued expenses and other current liabilities (1,086) (2,634)
Net cash provided by (used in) operating activities (22,168) (20,177)
Cash flows provided by (used in) investing activities:    
Sales or maturities of marketable securities   39,046
Sales of property and equipment and other assets 20 1,170
Net cash provided by (used in) investing activities 20 40,216
Cash flows provided by (used in) financing activities:    
Proceeds from the issuance of common stock under employee stock purchase plan   14
Net cash provided by (used in) financing activities   14
Net increase (decrease) in cash and cash equivalents (22,148) 20,053
Cash and cash equivalents at beginning of period 46,303 37,573
Cash and cash equivalents at end of period $ 24,155 57,626
Supplemental disclosure of non-cash activities:    
Unrealized gain (loss) on marketable securities   $ (8)