v3.25.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 49,323 $ 64,039
Prepaid expenses and other current assets 2,352 2,344
Total current assets 51,675 66,383
Restricted cash 1,624 1,624
Property and equipment, net 3,603 3,858
Operating lease right-of-use assets 5,540 6,015
Finance lease right-of-use assets 331 427
Total assets 62,773 78,307
Current liabilities:    
Accounts payable 1,398 1,210
Accrued expenses 1,838 4,833
Deferred revenue, short-term 0 385
Operating lease liabilities, current portion 3,070 2,994
Finance lease liabilities, current portion 43 91
Financing liability, current portion 92 85
Total current liabilities 6,441 9,598
Long-term liabilities:    
Operating lease liabilities, net of current portion 4,700 5,493
Finance lease liabilities, net of current portion 58 70
Other long-term liabilities 2 2
Total liabilities 11,201 15,163
Commitments and contingencies (Note 4)
Stockholders' equity:    
Common stock, $0.0001 par value per share, 175,000,000 shares authorized as of March 31, 2025 and December 31, 2024, 20,161,073 and 20,161,072 shares issued and 20,156,796 and 20,145,129 shares outstanding as of March 31, 2025 and December 31, 2024, respectively 2 2
Additional paid-in capital 275,756 274,895
Accumulated deficit (224,186) (211,753)
Total stockholders' equity 51,572 63,144
Total liabilities and stockholders' equity $ 62,773 $ 78,307