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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 9,291 $ 13,523
Prepaid expenses and other current assets 1,273 2,265
Other receivables 744 3,363
Total current assets 11,308 19,151
Restricted cash 5,480 5,720
Property and equipment, net 13,241 12,559
Operating lease right-of-use asset 41,687 44,717
In-process research and development 10,256 10,256
Goodwill 3,490 3,490
Other assets 975 2,470
Total assets 86,437 98,363
Current liabilities    
Accounts payable and accrued liabilities 2,055 5,689
Accrued compensation 2,280 768
Term debt, current 38,954  
Current portion of operating lease liabilities 4,431 9,481
Other current liabilities 529 523
Total current liabilities 48,249 16,461
Convertible Loan, non-current 32,897 58,633
Term debt, non-current 22,539 23,674
Operating lease liabilities, net of current portion 27,694 28,583
Deferred tax liability 3,077 3,077
Total liabilities 134,456 130,428
Commitments and contingencies (Note 12)
Stockholders' deficit    
Common Stock, $0.01 par value; 217,000,000 shares authorized; 36,183,067 and 36,122,932 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 362 361
Additional paid-in capital 279,354 276,393
Accumulated deficit (327,735) (308,819)
Total stockholders' deficit (48,019) (32,065)
Total liabilities and stockholders' deficit $ 86,437 $ 98,363