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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net loss $ (50,002) $ (76,337)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 935 843
Non-cash operating lease expense 1,557 1,376
Stock-based compensation expense 5,742 9,862
Change in fair value of warrant liability (227)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,614 (687)
Other assets 615 (1,244)
Accounts payable (4,703) (1,058)
Accrued expenses and other current liabilities 1,308 2,503
Operating lease liabilities (1,718) 69
Net cash used in operating activities (44,879) (64,673)
Investing Activities    
Purchase of property and equipment 0 (94)
Net cash used in investing activities 0 (94)
Financing Activities    
Proceeds from issuances of common stock under at the market equity offering program 5,032 0
Proceeds from issuance of common stock, common warrants and pre-funded warrants from public offering 37,800 0
Payments of financing costs (125) 0
Proceeds from stock option exercise and purchases under the employee stock purchase plan 117 1,186
Net cash provided by financing activities 42,824 1,186
Net decrease in cash, cash equivalents, and restricted cash (2,055) (63,581)
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 56,593 113,655
Non-cash financing and investing activities:    
Acquisition of property and equipment in accounts payable and accrued liabilities 0 35
Financing costs included in accounts payable and accrued liabilities 619 0
Reconciliation of cash and cash equivalents, and restricted cash:    
Cash and cash equivalents 56,224 113,286
Restricted cash 369 369
Cash, cash equivalents, and restricted cash at the end of the period $ 56,593 $ 113,655