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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (6,531) $ (25,021)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 377 317
Stock-based compensation expense 781 534
Change in fair value of the Convertible Loan (5,203) 13,025
Non-cash interest expense 3,596 1,815
Non-cash interest income   (26)
Change in right-of-use asset 597 464
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 539 1,797
Accounts payable and accrued liabilities (553) (1,488)
Accrued compensation (933) 180
Operating lease liability (250) (2,181)
Net cash used in operating activities (7,580) (10,584)
Investing activities:    
Purchases of property and equipment (99) (250)
Net cash used in investing activities (99) (250)
Financing activities:    
Proceeds from issuance of term debt, net of issuance costs 10,000 34,889
Payments for taxes related to net share settlement of equity awards (14)  
Proceeds from exercise of stock options   42
Net cash provided by financing activities 9,986 34,931
Net increase in cash, cash equivalents and restricted cash 2,307 24,097
Cash, cash equivalents and restricted cash, beginning of period 14,771 19,243
Cash, cash equivalents and restricted cash, end of period 17,078 43,340
Supplemental disclosure of cash flow information:    
Unpaid debt issuance costs   26
Property and equipment included in accounts payable and accrued liabilities $ 9 $ 425