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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 4,328 $ 9,291
Prepaid expenses and other current assets 1,024 1,273
Other receivables 2,168 744
Total current assets 7,520 11,308
Restricted cash 5,390 5,480
Property and equipment, net 12,657 13,241
Operating lease right-of-use asset 40,504 41,687
In-process research and development 10,256 10,256
Goodwill 3,490 3,490
Other assets 973 975
Total assets 80,790 86,437
Current liabilities    
Accounts payable and accrued liabilities 1,540 2,055
Accrued compensation 1,584 2,280
Convertible Loan, current 33,445  
Term debt, current 78,891 38,954
Current portion of operating lease liabilities 4,488 4,431
Other current liabilities 137 529
Total current liabilities 120,085 48,249
Convertible Loan, non-current   32,897
Term debt, non-current   22,539
Operating lease liabilities, net of current portion 27,131 27,694
Deferred tax liability 3,077 3,077
Total liabilities 150,293 134,456
Commitments and contingencies (Note 12)
Stockholders' deficit    
Common Stock, $0.01 par value; 217,000,000 shares authorized; 36,193,479 and 36,183,067 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 362 362
Additional paid-in capital 280,696 279,354
Accumulated deficit (350,561) (327,735)
Total stockholders' deficit (69,503) (48,019)
Total liabilities and stockholders' deficit $ 80,790 $ 86,437