v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 63,168 $ 81,540
Prepaid expenses and other current assets 2,752 6,036
Total current assets 65,920 87,576
Restricted cash, long-term 4,255 4,255
Property and equipment, net 2,126 2,407
Right-of-use lease assets, operating 26,403 26,827
Other long-term assets 681 337
Total assets 99,385 121,402
Current liabilities:    
Accounts payable 1,649 1,574
Accrued expenses and other current liabilities 8,618 11,651
Operating lease liabilities, current 5,141 5,104
Total current liabilities 15,408 18,329
Notes payable, long-term 30,136 30,586
Operating lease liabilities, long-term 25,540 25,956
Warrant liabilities, long-term 6,355 36,410
Other long-term liabilities 569 663
Total liabilities 78,008 111,944
Stockholders' equity:    
Preferred stock, $0.00001 par value; 10,000,000 shares authorized at March 31, 2026 and December 31, 2025; no shares issued and outstanding at March 31, 2026 and December 31, 2025
Common stock, $0.00001 par value; 300,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 158,648,963 and 153,372,044 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 568,422 565,721
Accumulated deficit (547,046) (556,264)
Total stockholders' equity 21,377 9,458
Total liabilities and stockholders' equity $ 99,385 $ 121,402