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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 14,756 $ 9,291
Prepaid expenses and other current assets 1,415 1,273
Other receivables 759 744
Total current assets 16,930 11,308
Restricted cash 5,390 5,480
Property and equipment, net 12,560 13,241
Operating lease right-of-use asset 39,917 41,687
In-process research and development 10,256 10,256
Goodwill 3,490 3,490
Other assets 973 975
Total assets 89,516 86,437
Current liabilities    
Accounts payable and accrued liabilities 1,999 2,055
Accrued compensation 1,843 2,280
Convertible Loan, current 48,088  
Term debt, current 82,992 38,954
Current portion of operating lease liabilities 4,525 4,431
Other current liabilities 503 529
Total current liabilities 139,950 48,249
Convertible Loan, non-current   32,897
Term debt, non-current 15,240 22,539
Operating lease liabilities, net of current portion 26,837 27,694
Deferred tax liability 3,077 3,077
Total liabilities 185,104 134,456
Commitments and contingencies (Note 12)
Stockholders' deficit    
Common Stock, $0.01 par value; 217,000,000 shares authorized; 36,193,479 and 36,229,842 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 362 362
Additional paid-in capital 281,286 279,354
Accumulated deficit (377,236) (327,735)
Total stockholders' deficit (95,588) (48,019)
Total liabilities and stockholders' deficit $ 89,516 $ 86,437