v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (19,177) $ (15,350)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 590 595
Amortization of debt issuance cost 377 314
Non-cash interest expense 25 25
Non-cash lease expense 323 297
Non-cash expense from collaborative arrangements, net (698) (668)
Stock-based compensation expense 3,398 1,885
Other 10 10
Changes in assets and liabilities:    
Prepaid expenses and other current assets (927) (3,002)
Accounts payable and accrued expenses (5,398) (3,268)
Lease obligations (317) (195)
Net cash used in operating activities (21,794) (19,357)
Cash flows from investing activities    
Purchases of property and equipment (6) (16)
Payment of long term deposits 0 (86)
Net cash used in investing activities (6) (102)
Cash flows from financing activities    
Proceeds from issuance of common stock 22,500 0
Proceeds from issuance of common stock upon exercise of warrants 15,000 0
Proceeds from exercise of equity awards, net 88 (245)
Payment of equity issuance costs (1,779) 0
Payment of warrant issuance costs (825) 0
Payment of EB-5 loan 0 (1,000)
Net cash provided by (used in) financing activities 34,984 (1,245)
Effect of changes in exchange rate on cash and restricted cash 102 (8)
Net increase (decrease) in cash and restricted cash 13,286 (20,712)
Cash and restricted cash at beginning of period 18,887 58,821
Cash and restricted cash at end of period 32,173 38,109
Supplemental disclosure of non-cash investing and financing transactions:    
Right-of-use assets related to operating leases $ 0 $ 428