v3.26.1
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 12,667 $ 38,052
Short-term investments 124,385 62,571
Accounts receivable 2,013 3,103
Prepaid expenses and other current assets 4,856 3,579
Total current assets 143,921 107,305
Property and equipment, net 1,304 2,467
Intangible assets, net 438 583
Goodwill 949 949
Restricted cash 1,527 1,027
Operating lease right-of-use asset 3,396 8,136
Other assets 31 66
Total assets 151,566 120,533
Current liabilities:    
Accounts payable 1,301 1,088
Accrued liabilities 14,197 12,338
Operating lease liabilities - short term 4,240 5,145
Deferred revenue, current portion 26,877 67,201
Total current liabilities 46,615 85,772
Deferred revenue, net of current portion 1,590 26,862
Operating lease liabilities - long term 0 4,240
Other long-term liabilities 4,353 4,115
Total liabilities 52,558 120,989
Commitments and contingencies (Note 10)
Stockholders' equity (deficit)    
Convertible preferred stock, $0.00001 par value; 10,000,000 shares authorized and no shares issued and outstanding 0 0
Common stock, $0.00001 par value; 300,000,000 and 150,000,000 shares authorized, and 170,186,365 and 80,099,889 shares issued and outstanding at December 31, 2025 and 2024, respectively 2 1
Additional paid-in capital 810,844 691,095
Accumulated other comprehensive income 111 27
Accumulated deficit (711,949) (691,579)
Total stockholders' equity (deficit) 99,008 (456)
Total liabilities and stockholders' equity (deficit) $ 151,566 $ 120,533