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CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows used in operating activities    
Net Loss $ (17,111) $ (31,052)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 4,045 4,656
Net accretion of discount on investments (742) (1,981)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,160) 314
Accounts payable (1,204) (791)
Accrued compensation (477) (2,178)
Accrued liabilities (1,500) (838)
Other current liabilities (74) (107)
Net cash used in operating activities (18,223) (31,977)
Cash flows from investing activities    
Purchases of investments (33,973) (12,590)
Maturities of investments 49,000 55,340
Net cash provided by investing activities 15,027 42,750
Cash flows from financing activities    
Proceeds from issuance of common stock under the ESPP 38 124
Proceeds from exercise of stock options 27 225
Net cash provided by financing activities 65 349
Net (decrease) increase in cash and cash equivalents (3,131) 11,122
Cash and cash equivalents at the beginning of the period 21,351 15,647
Cash and cash equivalents at the end of the period $ 18,220 $ 26,769