v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 51,620 $ 39,019
Marketable securities 35,482 58,776
Prepaid expenses and other current assets 3,048 2,789
Total current assets 90,150 100,584
Property and equipment, net 1,526 1,319
Operating lease right-of-use assets 14,378 14,740
Financing lease right-of-use assets 23 28
Restricted cash 927 927
Other assets 144 93
Total assets 107,148 117,691
Current liabilities:    
Accounts payable 2,580 1,967
Contract liability 20,009 20,009
Accrued expenses and other current liabilities 6,743 11,135
Operating lease liabilities 1,070 1,036
Total current liabilities 30,402 34,147
Operating lease liabilities, net of current portion 11,623 11,909
Total liabilities 42,025 46,056
Commitments and contingencies (Note 11)
Stockholders' equity:    
Undesignated preferred stock, $0.0001 par value, 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 537,634 shares issued and outstanding at March 31, 2025 and December 31, 2024
Common stock, $0.0001 par value; 150,000,000 shares authorized at March 31, 2025 and December 31, 2024; 46,715,857 shares issued as of March 31, 2025 and 40,931,085 shares issued as of December 31, 2024; and 46,671,534 shares outstanding as of March 31, 2025 and 40,886,762 shares outstanding as of December 31, 2024 5 4
Additional paid-in capital 394,540 378,632
Accumulated other comprehensive income (loss) 19 27
Accumulated deficit (329,441) (307,028)
Total stockholders' equity 65,123 71,635
Total liabilities and stockholders' equity $ 107,148 $ 117,691