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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 312,761 $ 139,036
Restricted cash 449 449
Prepaid expenses and other current assets 3,054 2,645
Total current assets 316,264 142,130
Restricted cash 2,151 2,151
Property, plant and equipment, net 6,957 7,485
Operating lease right-of-use assets 7,773 8,381
Other non-current assets 186 217
Total assets 333,331 160,364
Current liabilities    
Accounts payable 7,713 3,592
Accrued expenses and other current liabilities 12,151 12,862
Deferred revenue 5,485 9,773
Total current liabilities 25,349 26,227
Term loan, net 41,051 43,942
Operating lease liability, net of current portion 16,808 17,361
Other non-current liabilities 1,396 1,309
Total liabilities 84,604 88,839
Commitments and contingencies - Note 13
Stockholders' (deficit) equity    
Preferred stock, $0.00001 par value per share; 10,000,000 shares authorized and no shares issued and outstanding as of June 30, 2025 and December 31, 2024
Common stock, $0.00001 par value per share; 700,000,000 shares authorized and 272,730,060 issued and outstanding as of June 30, 2025 and 400,000,000 shares authorized and 204,943,306 issued and outstanding as of December 31, 2024 3 2
Additional paid-in capital 900,139 677,859
Accumulated other comprehensive loss (699) (4,031)
Accumulated deficit (650,716) (602,305)
Total stockholders' equity 248,727 71,525
Total liabilities and stockholders' equity $ 333,331 $ 160,364