v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 58,677 $ 154,467
Marketable securities 100,870 16,965
Prepaid expenses and other current assets 2,229 6,915
Assets held for sale, net 465  
Total current assets 162,241 178,347
Property and equipment, net 4,026 5,222
Operating lease right-of-use assets 6,990 7,467
Restricted cash 1,631 1,631
Other assets 26 23
Total assets 174,914 192,690
Current liabilities:    
Accounts payable 113 3,237
Accrued expenses 2,404 9,648
Current portion of operating lease liability 3,630 3,570
Total current liabilities 6,147 16,455
Operating lease liability, net of current portion 19,912 20,943
Other long-term liabilities 1,036 806
Total liabilities 27,095 38,204
Commitments and contingencies (Note 8)
Stockholders' equity:    
Preferred stock, $0.0001 par value; authorized shares- 50,000,000 at June 30, 2025 and December 31, 2024; no shares issued and outstanding at June 30, 2025 and December 31, 2024
Common stock, $0.0001 par value; authorized shares- 500,000,000 at June 30, 2025 and December 31, 2024; issued shares-50,141,064 and 49,852,391 at June 30, 2025 and December 31, 2024, respectively; outstanding shares-50,125,541 and 49,719,448 at June 30, 2025 and December 31, 2024, respectively 5 5
Additional paid-in capital 696,206 691,447
Accumulated other comprehensive loss (1,239) (1,140)
Accumulated deficit (547,153) (535,826)
Total stockholders' equity 147,819 154,486
Total liabilities and stockholders' equity $ 174,914 $ 192,690