v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 27,492 $ 22,459
Accounts receivable 532 945
Deposits, current portion 470 929
Prepaid expenses and other current assets 2,350 805
Total current assets 30,844 25,138
Property and equipment, net 454 471
Operating lease right-of-use asset 5,118 4,370
Deposits 1,956 1,955
Restricted cash 153 152
Other long-term assets 283 105
Foreign withholding tax receivable 1,899 0
Total assets 40,707 32,191
Current liabilities:    
Accounts payable 3,627 2,823
Accrued expenses 1,518 2,908
Research and development contract liability, current portion 9,579 85
Operating lease liabilities, current 2,114 3,540
Current portion of long-term debt, net 2,416 4,333
Total current liabilities 19,254 13,689
Operating lease liabilities, non-current 3,104 1,003
Other long-term payable 190 0
Total liabilities 22,548 14,692
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized and 0 shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 300,000,000 shares authorized; 76,446,884 and 61,819,101 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 76 62
Additional paid in capital 380,686 359,301
Accumulated deficit (362,603) (341,864)
Total stockholders' equity 18,159 17,499
Total liabilities and stockholders' equity $ 40,707 $ 32,191