v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Current assets:      
Cash and cash equivalents $ 12,860 $ 11,703 $ 9,601
Short-term investments 4,738 15,802  
Restricted cash 200 200  
Prepaid expenses and other current assets 2,766 2,555  
Total current assets 20,564 30,260  
Property and equipment, net 571 1,245  
Operating lease right-of-use assets 17,075 19,230  
Restricted cash, non-current 1,538 1,538  
Long-term investments 509 4,337  
Other assets 87 138  
Total assets 40,344 56,748  
Current liabilities:      
Accounts payable 868 1,443  
Accrued expenses and other current liabilities 3,089 3,717  
Deferred revenue 819 449  
Operating lease liabilities 3,091 2,826  
Total current liabilities 7,867 8,435  
Operating lease liabilities, net of current portion 18,533 20,132  
Deferred revenue, non-current 1,172 1,544  
Other long-term liabilities 132 132  
Total liabilities 27,704 30,243  
Commitments and contingencies (Note 6)  
Stockholders' equity:      
Common stock, $0.00001 par value; 200,000,000 shares authorized at June 30, 2026 and December 31, 2025; 1,926,345 and 1,920,566 shares issued and outstanding at June 30, 2026 and December 2025, respectively 0 0  
Additional paid-in capital 488,427 487,305  
Accumulated other comprehensive loss (44) (21)  
Accumulated deficit (475,743) (460,779)  
Total stockholders' equity 12,640 26,505 $ 38,842
Total liabilities and stockholders' equity $ 40,344 $ 56,748