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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 19,302 $ 17,567
Short-term investments 60,012 110,190
Prepaid expenses and other current assets 5,943 6,595
Total current assets 85,257 134,352
Property and equipment, net 1,497 2,905
Long-term investments 4,232 3,524
Other assets 4,334 6,994
Total assets 95,320 147,775
Current liabilities:    
Accounts payable 4,902 4,497
Payable and accrued liabilities due to related party 40 149
Term loan, current $ 3,043 $ 435
Other Liability, Current, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Accrued expenses and other current liabilities $ 10,863 $ 13,419
Total current liabilities 18,848 18,500
Term loan, non-current 6,997 9,469
Other non-current liabilities 5,060 6,188
Total liabilities 30,905 34,157
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock, $0.001 par value; 1,000,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 53,506,777 and 53,052,912 shares issued and outstanding as of June 30, 2025 and December 31, 2024 respectively 54 53
Additional paid-in capital 742,150 734,412
Accumulated other comprehensive income 36 275
Accumulated deficit (677,825) (621,122)
Total stockholders’ equity 64,415 113,618
Total liabilities and stockholders’ equity $ 95,320 $ 147,775