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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net loss $ (43,311) $ (78,710)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 675 360
Accretion of debt discount and non-cash interest expense 533 1,242
Stock-based compensation expense 2,450 6,397
Non-cash lease expense 434 465
Changes in operating assets and liabilities:    
Accounts receivable 183 0
Other receivables 0 610
Receivables from related parties 23 0
Prepaid expenses and other current assets 730 (2,361)
Other non-current assets 28 (1,422)
Accounts payable (353) 4,050
Accrued expenses 2,884 8,034
Operating lease liability (171) (495)
Net cash used in operating activities (35,895) (63,050)
Cash flows from investing activities    
Purchase of fixed assets (21) (1,119)
Net cash used in investing activities (21) (1,119)
Cash flows from financing activities    
Proceeds from the issuance of debt 99,965 0
Payment of fees associated with debt (125) 0
Proceeds from the exercise of stock options 0 38,728
Net cash provided by financing activities 99,840 38,728
Net increase (decrease) in cash and cash equivalents 63,924 (25,441)
Cash and cash equivalents at beginning of period 152,596 277,924
Cash and cash equivalents at end of period 216,520 252,483
Supplemental Cash Flow Information [Abstract]    
Cash paid for interest 1,299 6,892
Cash paid for income taxes 0 0
Supplemental schedule of non-cash investing and financing activities    
Fair value of warrants issued to lender in conjunction with 2025 Loan (as defined in Note 3) 1,720 0
Payable for purchase of fixed assets 0 307
Receivable for proceeds from the exercise of stock options $ 0 $ 1,650