v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 17,436 $ 15,128
Short-term investments 129,007 181,199
Prepaid expenses and other current assets 4,545 5,808
Total current assets 150,988 202,135
Property and equipment, net 119 165
In-process R&D 11,629 10,337
Other non-current assets 1,029 242
Total assets 163,765 212,879
Current liabilities:    
Accounts payable 4,749 4,545
Accrued expenses and other current liabilities 8,879 10,179
Total current liabilities 13,628 14,724
Long-term liabilities:    
Long-term debt 29,653 26,619
Other long-term liabilities 0 87
Total liabilities 43,281 41,430
Commitments and Contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.001 par value, 300,000,000 authorized as of June 30, 2025 and December 31, 2024; 172,836,922 and 172,423,223 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 173 173
Additional paid-in capital 666,817 661,276
Accumulated other comprehensive loss (216) (750)
Accumulated deficit (546,290) (489,250)
Total stockholders’ equity 120,484 171,449
Total liabilities and stockholders’ equity $ 163,765 $ 212,879