v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 23,653 $ 21,639
Marketable securities, current 88,088 141,271
Accounts receivable, net of allowance of $270 and $270, respectively 57 561
Legal settlement insurance receivable 0 4,638
Inventory 2,027 3,197
Prepaid expenses and other current assets 5,262 4,554
Total current assets 119,087 175,860
Restricted cash, non-current 2,202 0
Marketable securities, non-current 58,122 52,855
Property and equipment, net 10,905 13,194
Operating lease right-of-use assets 2,707 3,464
Other assets 552 234
Total assets 193,575 245,607
Current liabilities:    
Accounts payable 1,591 1,623
Accrued payroll and payroll-related costs 2,955 5,903
Accrued contracted services 3,210 3,356
Accrued legal settlement liability 0 8,000
Accrued expenses and other current liabilities 2,347 1,505
Warrant liabilities 0 794
Current portion of operating lease liabilities 1,843 1,844
Total current liabilities 11,946 23,025
Operating lease liabilities 1,410 2,322
Other long-term liabilities 18 34
Total liabilities 13,374 25,381
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Additional paid-in capital 923,805 918,190
Accumulated other comprehensive loss (441) (6)
Accumulated deficit (743,185) (697,980)
Total stockholders’ equity 180,201 220,226
Total liabilities and stockholders’ equity 193,575 245,607
Class A common stock    
Stockholders’ equity:    
Common stock 20 20
Class B common stock    
Stockholders’ equity:    
Common stock $ 2 $ 2