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Condensed Statements of Cash Flows
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Operating Activities      
Net loss   $ (66,409) $ (109,124)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation expense $ 400 1,362 1,279
Non-cash operating lease expense   1,674 2,096
Stock-based compensation expense   7,682 14,604
Change in fair value of warrant liability   (4,099)  
Impairment of property and equipment 2,205 2,205  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets   7,255 (3,331)
Other assets   619 874
Accounts payable   (6,531) 2,068
Accrued expenses and other current liabilities   1,708 2,350
Operating lease liabilities   (1,895) (706)
Net cash used in operating activities   (56,429) (89,890)
Investing Activities      
Purchase of property and equipment   0 (280)
Net cash used in investing activities   0 (280)
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 offerings   40,396 0
Payments of financing costs   (753) 0
Proceeds from stock option exercise and purchases under the employee stock purchase plan   117 1,255
Net cash provided by financing activities   44,792 1,255
Net decrease in cash, cash equivalents, and restricted cash   (11,637) (88,915)
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 47,011 47,011 88,321
Non-cash financing and investing activities:      
Acquisition of property and equipment in accounts payable and accrued liabilities   0 68
Financing costs included in accounts payable and accrued liabilities   11 0
Reconciliation of cash and cash equivalents, and restricted cash:      
Cash and cash equivalents 46,642 46,642 87,952
Restricted cash 369 369 369
Cash, cash equivalents, and restricted cash at the end of the period $ 47,011 $ 47,011 $ 88,321