v3.26.1
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net loss $ (12,415) $ (29,262)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation expense 46 468
Non-cash operating lease expense   766
Stock-based compensation expense 1,582 3,169
Change in fair value of warrant liability 581  
Gain on sale of property and equipment (510)  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 982 1,232
Other assets   2
Accounts payable 1,380 (5,220)
Accrued expenses and other current liabilities (2,965) 4,022
Operating lease liabilities (350) (844)
Net cash used in operating activities (11,669) (25,667)
Investing Activities    
Proceeds from sale of property and equipment 550  
Net cash provided by investing activities 550  
Financing Activities    
Proceeds from issuances of common stock under at the market equity offering program, net of offering costs   3,257
Payments of financing costs   (5)
Net cash provided by financing activities   3,252
Net decrease in cash, cash equivalents, and restricted cash (11,119) (22,415)
Cash, cash equivalents, and restricted cash at the beginning of the period 56,181 58,648
Cash, cash equivalents, and restricted cash at the end of the period 45,062 36,233
Non-cash financing and investing activities:    
Financing costs included in accounts payable and accrued liabilities   5
Reconciliation of cash and cash equivalents, and restricted cash:    
Cash and cash equivalents 44,693 35,864
Restricted cash 369 369
Cash, cash equivalents, and restricted cash at the end of the period $ 45,062 $ 36,233