v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 47,140 $ 81,540
Prepaid expenses and other current assets 2,462 6,036
Total current assets 49,602 87,576
Restricted cash, long-term 4,255 4,255
Property and equipment, net 1,848 2,407
Right-of-use lease assets, operating 25,967 26,827
Other long-term assets 304 337
Total assets 81,976 121,402
Current liabilities:    
Accounts payable 1,006 1,574
Accrued expenses and other current liabilities 9,550 11,651
Operating lease liabilities, current 5,180 5,104
Total current liabilities 15,736 18,329
Notes payable, long-term 30,446 30,586
Operating lease liabilities, long-term 25,110 25,956
Warrant liabilities, long-term 11,839 36,410
Other long-term liabilities 510 663
Total liabilities 83,641 111,944
Stockholders' equity (deficit):    
Preferred stock, $0.00001 par value; 10,000,000 shares authorized at June 30, 2026 and December 31, 2025; no shares issued and outstanding at June 30, 2026 and December 31, 2025
Common stock, $0.00001 par value; 300,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 158,648,963 and 153,372,044 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 570,918 565,721
Accumulated deficit (572,584) (556,264)
Total stockholders' equity (deficit) (1,665) 9,458
Total liabilities and stockholders' equity (deficit) $ 81,976 $ 121,402