v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 116,593 $ 139,036
Restricted cash 449 449
Prepaid expenses and other current assets 3,666 2,645
Total current assets 120,708 142,130
Restricted cash 2,151 2,151
Property, plant and equipment, net 7,236 7,485
Operating lease right-of-use assets 8,079 8,381
Other non-current assets 188 217
Total assets 138,362 160,364
Current liabilities    
Accounts payable 4,326 3,592
Accrued expenses and other current liabilities 10,761 12,862
Deferred revenue 7,470 9,773
Total current liabilities 22,557 26,227
Term loan, net 42,453 43,942
Operating lease liability, net of current portion 17,093 17,361
Other non-current liabilities 1,200 1,309
Total liabilities 83,303 88,839
Commitments and contingencies - Note 13
Stockholders' (deficit) equity    
Preferred stock, $0.00001 par value per share; 10,000,000 shares authorized and no shares issued and outstanding as of March 31, 2025 and December 31, 2024
Common stock, $0.00001 par value per share; 400,000,000 shares authorized and 205,054,570 and 204,943,306 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 2 2
Additional paid-in capital 681,177 677,859
Accumulated other comprehensive loss (2,286) (4,031)
Accumulated deficit (623,834) (602,305)
Total stockholders' equity 55,059 71,525
Total liabilities and stockholders' equity $ 138,362 $ 160,364