v3.25.2
Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 5,016 $ 4,043
Marketable securities 35,144 42,193
Accounts receivable 17 34
Prepaid expenses and other current assets 693 1,330
Total current assets 40,870 47,600
Property and equipment, net 1,204 1,239
Long-term marketable securities 68,351 21,973
Intangible assets, net 968 1,026
Other assets 435 737
Total assets 111,828 72,575
Current liabilities:    
Accounts payable 1,063 1,969
Accrued and other current liabilities 2,296 2,384
Finance lease obligation, current portion 23 194
Deferred revenue 20,220 20,223
Total current liabilities 23,602 24,770
Finance lease obligation, net of current portion 0 2
Total liabilities 23,602 24,772
Commitments and contingencies (Note 13)
Stockholders' equity:    
Common stock, $0.0001 par value; 150,000,000 Class A shares authorized; 37,058,395 and 33,206,909 Class A shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively; 1,500,000 Class B shares authorized; 967,759 Class B shares issued and outstanding as of June 30, 2025 and December 31, 2024. 4 3
Additional paid-in capital 384,104 327,534
Accumulated other comprehensive income 145 60
Accumulated deficit (296,027) (279,794)
Total stockholders' equity 88,226 47,803
Total liabilities and stockholders' equity $ 111,828 $ 72,575