CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 238,033	$ 229,957
Marketable securities	29,833	89,180
Prepaid expenses	27,041	47,022
Other current assets	1,652	2,170
Total current assets	296,559	368,329
Property and equipment, net	15,089	15,964
Intangible assets	18,400	18,400
Goodwill	1,390	1,390
Other non-current assets	39,301	47,364
Total assets	370,739	451,447
Current liabilities:
Accounts payable	12,114	11,643
Accrued expenses and other current liabilities	50,544	104,291
Total current liabilities	62,658	115,934
Non-current operating lease liability	32,887	39,958
Notes payable	259,480	238,900
Other non-current liabilities	3,492	4,583
Total liabilities	358,517	399,375
Commitments and contingencies (Note 12)
Shareholders' (Deficit) Equity:
Preferred shares, no par value; 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2026 and December 31, 2025	0	0
Common shares, no par value; 200,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 151,017,531 and 132,775,113 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	2,138,861	1,934,276
Additional paid-in capital	220,365	193,984
Accumulated deficit	(2,352,379)	(2,084,536)
Accumulated other comprehensive income	5,375	8,348
Total shareholders' (deficit) equity	12,222	52,072
Total liabilities and shareholders' equity	$ 370,739	$ 451,447

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).