v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 28,849 $ 61,580
Short-term investments 162,729 165,336
Accounts receivable, net of allowance for doubtful accounts: $381 and $543 225 116
Prepaid expenses and other current assets 4,155 4,128
Total current assets 195,958 231,160
Noncurrent assets:    
Property and equipment, net 62,599 57,321
Right-of-use asset, net 1,767 2,215
Restricted cash 0  
Intangible assets, in-process research and development 50,000 50,000
Other assets, net 401 405
Total assets 310,725 341,101
Current liabilities:    
Accounts payable and accrued expenses 7,048 10,343
Lease liability 847 957
Accrued personnel expenses 5,037 5,478
Note payable 54 52
Deferred Income (Note 3) 0 1,400
Total current liabilities 12,986 18,230
Noncurrent liabilities:    
Lease liability, net of current portion 1,071 1,428
Note payable, net of current portion 1,597 1,625
Deferred Income, net of current portion (Note 3) 26,600 26,600
Deferred tax liability 2,495 2,495
Other noncurrent liabilities 284 55
Total liabilities 45,033 50,433
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock: $0.001 par value; 7,000,000 shares authorized; 5,000,000 designated Series B convertible; no shares issued 0 0
Common stock:$0.001 par value; authorized 750,000,000 shares; issued 74,262,990 and 70,671,464 shares 74 70
Additional paid-in capital 536,996 522,368
Accumulated other comprehensive income (loss) 3 (51)
Accumulated deficit (271,381) (231,719)
Total stockholders' equity 265,692 290,668
Total liabilities and stockholders' equity $ 310,725 $ 341,101