v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (30,089) $ (27,204)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 1,836 757
Non-cash interest expense 50 57
Non-cash lease expense 620 229
Non-cash (income) expense from collaborative arrangements, net (1,766) 1,745
Stock-based compensation expense 3,730 3,659
Other 20 19
Changes in assets and liabilities:    
Prepaid expenses and other current assets (2,708) 567
Accounts payable and accrued expenses (1,184) (113)
Lease obligations (596) (222)
Net cash used in operating activities (30,087) (20,506)
Cash flows from investing activities    
Purchases of property and equipment (59) (2,865)
Payment of security deposits (131) 0
Net cash used in investing activities (190) (2,865)
Cash flows from financing activities    
Payments from issuance of common stock, net (184) (100)
Payment of EB-5 Loan (1,000) 0
Net cash used in financing activities (1,184) (100)
Effect of changes in exchange rate on cash and restricted cash (36) 8
Net decrease in cash and restricted cash (31,497) (23,463)
Cash and restricted cash at beginning of period 58,821 39,462
Cash and restricted cash at end of period 27,325 15,999
Supplemental disclosure of non-cash investing and financing transactions:    
Purchases of property and equipment 19 246
Series B Convertible Preferred Stock reacquisition 0 1
Right-of-use asset related to operating leases $ 1,353 $ 103