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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (16,971) $ (28,845)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,363 2,730
Depreciation 1,355 1,840
Gain on lease modification (6,762) 0
Gain on change in fair value of convertible notes - related party (271) 0
Other non-cash charges 52 39
Changes in operating assets and liabilities:    
Operating lease right-of-use assets 1,032 1,104
Accounts payable (670) (180)
Accrued expenses and other current liabilities (1,272) (1,167)
Operating lease liabilities (2,719) (2,227)
GeneFab sublease deferred income - related party 1,635 (300)
Deferred revenue - related party (32) 0
Other non-current liabilities (99) 0
Net cash used in operating activities (21,730) (27,123)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of property and equipment 114 12
Purchases of property and equipment 0 (196)
Net cash provided by (used in) investing activities 114 (184)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible notes - related party 9,700 0
Payment of issuance costs (25) (2,457)
Taxes paid related to net settlement of stock awards (118) 0
Proceeds from CIRM Grant 0 2,520
Proceeds from issuance of common stock related to ATM, net of commissions 0 534
Net cash provided by financing activities 9,557 597
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (12,059) (26,710)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — Beginning of period 19,948 51,815
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH — End of period 7,889 25,105
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:    
Capital contribution from related party upon initial recognition of convertible notes at fair value - related party 5,736 0
Unpaid issuance costs 340 0
Related Party    
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on change in fair value of convertible notes - related party (271) 0
Convertible note issuance costs included in net loss - related party 300 0
Changes in operating assets and liabilities:    
Accounts receivable 715 (1,878)
Prepaid expenses and other assets (1,328) 1,156
Nonrelated Party    
Changes in operating assets and liabilities:    
Accounts receivable 323 (9)
Prepaid expenses and other assets $ 619 $ 614