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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net loss $ (22,826) $ (16,035)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 743 632
Stock-based compensation expense 1,356 1,869
Change in fair value of the Convertible Loan 548 (10,372)
Non-cash interest expense 7,398 4,538
Change in right-of-use asset 1,183 960
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (1,173) 2,561
Accounts payable and accrued liabilities (818) (2,142)
Accrued compensation (696) 454
Operating lease liability (506) (3,226)
Net cash used in operating activities (14,791) (20,761)
Investing activities:    
Purchases of property and equipment (248) (1,616)
Net cash used in investing activities (248) (1,616)
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   130
Net cash provided by financing activities 9,986 35,019
Net (decrease) increase in cash, cash equivalents and restricted cash (5,053) 12,642
Cash, cash equivalents and restricted cash, beginning of period 14,771 19,243
Cash, cash equivalents and restricted cash, end of period $ 9,718 31,885
Supplemental disclosure of cash flow information:    
Property and equipment included in accounts payable and accrued liabilities   $ 148