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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating activities:        
Net loss $ 39,746 $ (25,261) $ 12,776 $ (34,091)
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Depreciation and amortization     431 778
Stock-based compensation     1,828 2,175
Non-cash operating lease expense     901 714
Loss on amendment and cancellation of warrants 0 0 2,073 0
Loss on execution of the 2025 PIPE 0 0 71,084 0
Transaction costs allocated to pre-funded warrants and warrants issued in connection with the 2025 PIPE and 2024 PIPE     2,777 1,507
Change in fair value of tranche liability     (47,860) 0
Change in fair value of warrant liabilities     (56,698) (5,036)
Loss on issuance of common stock, pre-funded warrants and warrants in the 2024 PIPE     0 20,397
Gain on settlement of tranche liability 0 0 (1,117) 0
Non-cash consideration received in connection with research service revenue     (462) 0
(Gain) loss on foreign currency remeasurement     (278) 40
Changes in operating assets and liabilities:        
Accounts receivable-related party     250 0
Prepaid expenses and other current assets     763 1,177
Other assets     36 29
Accounts payable     48 (352)
Accrued and other liabilities     (989) (482)
Operating Lease liabilities     (955) (1,213)
Net cash used in operating activities     (15,392) (14,357)
Investing activities:        
Purchases of property and equipment     (45) (7)
Net cash used in investing activities     (45) (7)
Financing activities:        
Proceeds from issuance of common stock, pre-funded warrants and warrants in the 2025 PIPE and 2024 PIPE, net of transaction costs     71,201 16,044
Proceeds from issuance of common stock under employee stock purchase plan     61 42
Net cash provided by financing activities     71,262 16,086
Net increase in cash, cash equivalents and restricted cash     55,825 1,722
Cash, cash equivalents and restricted cash at beginning of period     35,253 36,731
Cash, cash equivalents and restricted cash at end of period 91,078 38,453 91,078 38,453
Supplemental disclosure of noncash investing and financing activities:        
Issuance of common stock upon exercise of warrants     677 0
Vesting of early exercises of stock options     0 1
Reconciliation Of Cash Cash Equivalents And Restricted Cash To Consolidated Balance Sheets Abstract        
Cash and cash equivalents 90,390 37,765 90,390 37,765
Restricted cash 688 688 688 688
Cash, cash equivalents and restricted cash $ 91,078 $ 38,453 $ 91,078 $ 38,453