Basis of Presentation, Significant Accounting Policies and Fair Value Measurements (Tables)
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3 Months Ended |
Mar. 31, 2025 |
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| Basis of Presentation, Significant Accounting Policies and Fair Value Measurements |
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| Schedule of corrections of previously issued consolidated financial statements |
Condensed Consolidated Balance Sheet | | | | | | | | | | | | March 31, 2024 | | | As Previously Reported | | Adjustment | | As Revised | Long-term debt, noncurrent | | $ | 80,205 | | $ | (10,845) | | $ | 69,360 | Total liabilities | | $ | 110,856 | | $ | (10,845) | | $ | 100,011 | Accumulated deficit | | $ | (470,026) | | $ | 10,845 | | $ | (459,181) | Total stockholders’ equity | | $ | 86,260 | | $ | 10,845 | | $ | 97,105 |
Condensed Consolidated Statement of Operations and Comprehensive Loss | | | | | | | | | | | | | | | Three Months Ended March 31, 2024 | | | As Previously Reported | | Adjustment | | As Revised | Interest expense | | $ | (2,524) | | $ | (638) | | $ | (3,162) | Loss on extinguishment of debt | | $ | (11,483) | | $ | 11,483 | | $ | — | Total other expense, net | | $ | (12,127) | | $ | 10,845 | | $ | (1,282) | Net loss and comprehensive loss | | $ | (40,928) | | $ | 10,845 | | $ | (30,083) | Net loss per common share, basic and diluted | | $ | (0.54) | | $ | 0.14 | | $ | (0.40) |
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| Schedule of anti-dilutive securities |
| | | | | | | Three Months Ended | | | March 31, | | | 2025 | | 2024 | Stock Options | | 8,949,015 | | 9,571,521 | Restricted Stock Units | | 4,836,839 | | 2,982,485 | Warrants | | 450,000 | | 450,000 | Total | | 14,235,854 | | 13,004,006 |
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| Schedule of financial assets and liabilities measured at fair value |
| | | | | | | | | | | | | | | Quoted | | Significant | | | | | | | | | Prices in | | Other | | Significant | | | | | | Active | | Observable | | Unobservable | | | | | | Markets | | Inputs | | Inputs | | Carrying | March 31, 2025 | | (Level 1) | | (Level 2) | | (Level 3) | | Value | Money market funds (cash equivalents) | | $ | 163,945 | | $ | — | | $ | — | | $ | 163,945 |
| | | | | | | | | | | | | | | Quoted | | Significant | | | | | | | | | Prices in | | Other | | Significant | | | | | | Active | | Observable | | Unobservable | | | | | | Markets | | Inputs | | Inputs | | Carrying | December 31, 2024 | | (Level 1) | | (Level 2) | | (Level 3) | | Value | Money market funds (cash equivalents) | | $ | 170,672 | | $ | — | | $ | — | | $ | 170,672 |
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| Schedule of carrying value and fair value of long-term debt |
| | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | | | Carrying Value | | Fair Value | | Carrying Value | | Fair Value | Long-term debt, including amounts due within one year | | $ | 140,807 | | $ | 155,000 | | $ | 113,284 | | $ | 110,174 |
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