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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 20,614 $ 17,567
Short-term investments 77,217 110,190
Prepaid expenses and other current assets 4,701 6,595
Total current assets 102,532 134,352
Property and equipment, net 2,703 2,905
Long-term investments 9,161 3,524
Other assets 6,504 6,994
Total assets 120,900 147,775
Current liabilities:    
Accounts payable 3,937 4,497
Payable and accrued liabilities due to related party 48 149
Term loan, current $ 1,739 $ 435
Other Liability, Current, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Accrued expenses and other current liabilities $ 13,018 $ 13,419
Total current liabilities 18,742 18,500
Term loan, non-current 8,232 9,469
Other non-current liabilities 5,631 6,188
Total liabilities 32,605 34,157
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.001 par value; 1,000,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 53,384,145 and 53,052,912 shares issued and outstanding as of March 31, 2025 and December 31, 2024 respectively 53 53
Additional paid-in capital 740,000 734,412
Accumulated other comprehensive income 118 275
Accumulated deficit (651,876) (621,122)
Total stockholders’ equity 88,295 113,618
Total liabilities and stockholders’ equity $ 120,900 $ 147,775