v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net loss $ (18,730) $ (17,474)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 135 243
Stock-based compensation expense 2,481 2,638
Non-cash lease expense 539 793
Non-cash interest and other expense, net 76 104
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 339 709
Accounts payable 2,266 512
Accrued expenses and other liabilities (3,166) 296
Interest payable (59) (7)
Operating lease liabilities (348) (510)
Cash used in operating activities (16,467) (12,696)
Investing activities:    
Purchase of property and equipment 0 (417)
Cash used in investing activities 0 (417)
Financing activities:    
Proceeds from the issuance of common stock, net of issuance costs 5,013 4,810
Proceeds from the issuance of pre-funded warrants, net of issuance costs 1,858 0
Repayment of loan (6,426) 0
Proceeds from the issuance of common stock under equity plan awards 34 197
Cash provided by financing activities 479 5,007
Net decrease in cash, cash equivalents and restricted cash (15,988) (8,106)
Cash, cash equivalents and restricted cash at beginning of period 30,711 39,673
Cash, cash equivalents and restricted cash at end of period 14,723 31,567
Supplemental disclosure of cash flow information:    
Cash paid for interest 192 651
Cash paid for business taxes $ 22 $ 6