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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net loss $ (69,776) $ (123,462)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 925 1,221
Loss on disposal of property and equipment 0 2
Change in fair value of warrant liability (807) 0
Stock-based compensation 8,921 13,544
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 2,903 (11)
Accounts payable and accrued expenses (13,461) 5,284
Right-of-use assets and lease liabilities, net (641) (593)
Net cash used in operating activities (71,936) (104,015)
Cash flows from investing activities    
Purchases of property and equipment 0 (98)
Net cash used in investing activities 0 (98)
Cash flows from financing activities    
Proceeds from issuance of common stock and warrants, net of issuance costs 9,215 0
Proceeds from issuance of common stock under Employee Stock Purchase Plan 342 336
Payments for taxes related to net settlement of equity awards (46) (259)
Net cash provided by financing activities 9,511 77
Net decrease in cash and cash equivalents (62,425) (104,036)
Cash and cash equivalents, beginning of period 111,471 215,507
Cash and cash equivalents, end of period 49,046 111,471
Supplemental disclosure of non-cash investing and financing activities    
Equity issuance costs included in accounts payable and accrued expense 445 0
Tax related to net settlement of equity award included in accounts payable and accrued expenses $ 0 $ 6