v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 18,855 $ 15,422
Marketable debt securities 14,141 51,435
Restricted cash 1,472 1,472
Prepaid expenses and other current assets 2,266 3,776
Total current assets 36,734 72,105
Property and equipment, net 7,237 7,997
Operating lease right-of-use asset 10,951 11,418
Total assets 54,922 91,520
Current liabilities:    
Accounts payable 3,269 10,885
Private placement advance liability 10,000 0
Accrued expenses and other current liabilities 12,381 8,554
Operating lease liabilities, current portion 1,824 1,692
Total current liabilities 27,474 21,131
Operating lease liabilities, net of current portion 16,008 16,958
Financing lease liabilities, net of current portion 0 23
Total liabilities 43,482 38,112
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, par value $0.001 per share, 10,000,000 shares authorized; zero shares issued and outstanding
Common stock, $0.001 par value per share; 190,000,000 shares authorized; 63,434,936 and 62,690,229 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 63 63
Additional paid-in capital 503,176 496,469
Accumulated other comprehensive (loss) income (4) 53
Accumulated deficit (491,795) (443,177)
Total stockholders' equity 11,440 53,408
Total liabilities and stockholders' equity $ 54,922 $ 91,520