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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 168,150 $ 189,825
Restricted cash 6,339 6,352
Accounts receivable 1,694 1,694
Prepaid expenses and other current assets 12,665 12,866
Total current assets 188,848 210,737
Property and equipment, net 348 521
Finance lease right-of-use asset, net 0 703
Operating lease right-of-use asset 2,435 2,739
Other assets 96 96
Total assets 191,727 214,796
Current liabilities:    
Accounts payable 4,897 3,608
Accrued liabilities 19,833 13,348
Accrued indirect tax liabilities 20,727 26,045
Accrued compensation and benefits 1,915 4,911
Current portion of finance lease liability 0 264
Current portion of operating lease liability 1,437 1,378
Total current liabilities 48,809 49,554
Long-term finance lease liability 0 310
Long-term operating lease liability 1,236 1,624
Total liabilities 50,045 51,488
Commitments and contingencies
Stockholders’ equity:    
Preferred stock
Common stock, $0.0001 par value; 50,000,000 shares authorized at March 31, 2025 and December 31, 2024; 12,209,150 shares issued and outstanding at March 31, 2025 and 10,946,635 shares issued and outstanding at December 31, 2024 1 1
Additional paid-in capital 776,419 774,565
Accumulated deficit (634,738) (611,258)
Total stockholders’ equity 141,682 163,308
Total liabilities and stockholders’ equity 191,727 214,796
Series A Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock 0 0
Series X Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock $ 0 $ 0