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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net loss $ (29,262) $ (39,061)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 468 420
Non-cash operating lease expense 766 999
Stock-based compensation expense 3,169 5,022
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,232 (333)
Other assets 2 (1,236)
Accounts payable (5,220) (2,176)
Accrued expenses and other current liabilities 4,022 3,836
Operating lease liabilities (844) 499
Net cash used in operating activities (25,667) (32,030)
Investing Activities    
Purchase of property and equipment 0 (35)
Net cash used in investing activities 0 (35)
Financing Activities    
Proceeds from issuances of common stock under ATM program 3,257 0
Payments of financing costs (5) 0
Proceeds from stock option exercise 0 116
Net cash provided by financing activities 3,252 116
Net decrease in cash, cash equivalents, and restricted cash (22,415) (31,949)
Cash, cash equivalents, and restricted cash at the beginning of the period 58,648 177,236
Cash, cash equivalents, and restricted cash at the end of the period 36,233 145,287
Non-cash financing and investing activities:    
Acquisition of property and equipment in accounts payable and accrued liabilities 0 34
Financing costs included in accounts payable 5 0
Reconciliation of cash and cash equivalents, and restricted cash:    
Cash and cash equivalents 35,864 144,918
Restricted cash 369 369
Cash, cash equivalents, and restricted cash at the end of the period $ 36,233 $ 145,287