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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 18,661 $ 36,997
Restricted cash 110 110
Short-term investments 104,284 19,942
Other current assets 4,889 5,092
Total current assets 127,944 62,141
Operating lease right-of-use assets 4,059 4,964
Property and equipment, net 2,063 2,362
Other assets 640 627
Total assets 134,706 70,094
Current liabilities:    
Accounts payable 3,937 2,571
Accrued liabilities 12,209 15,557
Operating lease liabilities, current 3,502 3,422
Finance lease liabilities, current 38 36
Deferred revenue, current 579 151
Total current liabilities 20,265 21,737
Operating lease liabilities, net of current portion 3,216 4,795
Finance lease liabilities, net of current portion 122 122
2023 common warrants liability 9,191 72,367
Long term liability 46 46
Total liabilities 32,840 99,067
Commitments and contingencies (Note 11)
Stockholders' equity (deficit):    
Preferred Stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024, respectively; no shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 0
Common stock, $0.0001 par value; 115,800,000 shares and 20,800,000 shares authorized as of June 30, 2025 and December 31, 2024, respectively; 6,151,274 and 3,864,436 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively. 9 8
Additional paid-in capital 692,220 588,576
Accumulated deficit (590,783) (618,008)
Accumulated other comprehensive income 420 451
Total stockholders' equity (deficit) 101,866 (28,973)
Total liabilities and stockholders' equity (deficit) $ 134,706 $ 70,094