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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Summary of Effects of Correction of Previously Issued Condensed Consolidated Financial Statements

The following tables present a summary of the effects of the correction of the Company’s previously issued condensed consolidated financial statements for three months ending March 31, 2024:

Condensed Consolidated Statement of Operations (unaudited)

			Three Months Ended March 31, 2024
(in thousands)			As Previously Reported						Adjustments						As Corrected
General and administrative			$	26,911					$	3,229					$	30,140
Total operating expenses			91,386						3,229						94,615
Loss from operations			(19,337)						$	(3,229)					(22,566)
Loss before income taxes			(16,742)						$	(3,229)					(19,971)
Net loss			$	(16,659)					$	(3,229)					$	(19,888)
Net loss per share
Basic			$	(0.32)					$	(0.06)					$	(0.38)
Diluted			$	(0.32)					$	(0.06)					$	(0.38)

Condensed Consolidated Statement of Comprehensive Loss (unaudited)

			Three Months Ended March 31, 2024
(in thousands)			As Previously Reported						Adjustments						As Corrected
Net loss			$	(16,659)					$	(3,229)					$	(19,888)
Comprehensive loss			$	(17,804)					$	(3,229)					$	(21,033)

Condensed Consolidated Statement of Stockholders' Equity (unaudited)

			March 31, 2024
(in thousands)			Additional Paid-in Capital						Accumulated Deficit						Total Stockholders' Equity
As Previously Reported
Balance at December 31, 2023			$	946,511					$	(678,269)					$	261,328
Employee stock-based compensation expense			13,295						—						13,295
Net loss			—						(16,659)						(16,659)
Balance at March 31, 2024			959,734						(695,450)						256,225
Adjustments
Employee stock-based compensation expense			3,229						—						3,229
Net loss			—						(3,229)						(3,229)
As Corrected
Balance at December 31, 2023			946,511						(678,269)						261,328
Employee stock-based compensation expense			16,524						—						16,524
Net loss			—						(19,888)						(19,888)
Balance at March 31, 2024			$	962,963					$	(698,679)					$	256,225

Condensed Consolidated Statement of Cash Flows (unaudited)

			Three Months Ended March 31, 2024
(in thousands)			As Previously Reported						Adjustments						As Corrected
Net loss			$	(16,659)					$	(3,229)					$	(19,888)
Stock-based compensation			$	13,344					$	3,229					$	16,573

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- References

No definition available.

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

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