v3.25.2
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 30,649 $ 26,495
Restricted cash 0 167
Marketable securities 73,657 157,292
Prepaid expenses and other current assets 2,684 9,666
Total current assets 106,990 193,620
Property, plant and equipment, net 0 32,509
Operating lease right-of-use assets 0 38,524
Other non-current assets 0 1,059
Total assets 106,990 265,712
Current liabilities:    
Accounts payable 2,398 983
Accrued liabilities 3,662 26,883
Lease liabilities 0 7,121
Deferred revenue 0 2,651
Total current liabilities 6,060 37,638
Lease liabilities, non-current 0 38,065
Deferred revenue, non-current 0 141,471
Other liabilities, non-current 0 366
Total liabilities 6,060 217,540
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.01 par value; 200,000,000 shares authorized as of June 30, 2025 and December 31, 2024; no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Additional paid-in-capital 1,072,666 1,064,454
Accumulated other comprehensive income 8 159
Accumulated deficit (972,345) (1,017,037)
Total stockholders' equity 100,930 48,172
Total liabilities and stockholders' equity 106,990 265,712
Common Stock Class Undefined [Member]    
Stockholders' equity:    
Common stock, value 347 342
Non-Voting Common Stock [Member]    
Stockholders' equity:    
Common stock, value $ 254 $ 254