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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 36,997 $ 135,704
Restricted cash 110 70
Short-term investments 19,942  
Other current assets 5,092 5,310
Total current assets 62,141 141,084
Operating lease right-of-use assets 4,964 6,559
Property and equipment, net 2,362 3,259
Other assets 627 625
Total assets 70,094 151,527
Current liabilities:    
Accounts payable 2,571 2,517
Accrued liabilities 15,557 16,842
Operating lease liabilities, current 3,422 3,229
Finance lease liabilities, current 36 10
Deferred revenue, current 151 1,308
Total current liabilities 21,737 23,906
Operating lease liabilities, net of current portion 4,795 7,668
Finance lease liabilities, net of current portion 122 231
Common warrant liability 72,367 27,596
Long term liability 46 46
Total liabilities 99,067 59,447
Commitments and contingencies (Note 14)
Stockholders' (deficit) equity:    
Preferred Stock, $0.0001 par value; 10,000,000 shares authorized as of December 31, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively.
Common stock, $0.0001 par value; 20,800,000 shares and 12,800,000 shares authorized as of December 31, 2024 and December 31, 2023, respectively; 3,864,436 and 3,003,855 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively. 8 7
Additional paid-in capital 588,576 578,325
Accumulated deficit (618,008) (486,797)
Accumulated other comprehensive income 451 545
Total stockholders' (deficit) equity (28,973) 92,080
Total liabilities and stockholders' (deficit) equity $ 70,094 $ 151,527