Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 19,194	$ 20,990
Investments	91,312	107,662
Prepaid expenses and other current assets	4,888	3,788
Total current assets	115,394	132,440
Property and equipment, net	310	365
Restricted cash	833	829
Right-of-use assets	8,207	9,303
Other non-current assets	285	73
Total assets	125,029	143,010
Current liabilities:
Accounts payable	1,404	579
Accrued expenses and other current liabilities	14,439	15,152
Total current liabilities	15,843	15,731
Non-current operating lease liabilities	13,095	15,068
Total liabilities	28,938	30,799
Commitments and contingencies (Note 11)
Stockholders' equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized at June 30, 2026 and December 31, 2025; no shares issued or outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock; $0.0001 par value; 500,000,000 shares authorized at June 30, 2026 and December 31, 2025; 57,446,349 shares issued and outstanding at June 30, 2026 and 57,138,057 shares issued and outstanding at December 31, 2025	8	8
Additional paid-in capital	579,832	576,842
Accumulated other comprehensive (loss) income	(68)	101
Accumulated deficit	(483,681)	(464,740)
Total stockholders' equity	96,091	112,211
Total liabilities and stockholders' equity	$ 125,029	$ 143,010

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).