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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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 the three and six months ended June 30, 2024:

Condensed Consolidated Statements of Operations (unaudited)
			Three Months Ended June 30, 2024																		Six Months Ended June 30, 2024
(in thousands)			As Previously Reported						Adjustments						As Corrected						As Previously Reported						Adjustments						As Corrected
General and administrative			$	27,678					$	3,229					$	30,907					$	54,589					$	6,458					$	61,047
Total operating expenses			96,372						3,229						99,601						187,758						6,458						194,216
Loss from operations			(4,098)						(3,229)						(7,327)						(23,435)						(6,458)						(29,893)
Loss before income taxes			(1,372)						(3,229)						(4,601)						(18,114)						(6,458)						(24,572)
Net loss			$	(1,394)					$	(3,229)					$	(4,623)					$	(18,053)					$	(6,458)					$	(24,511)
Net loss per share
Basic			$	(0.03)					$	(0.06)					$	(0.09)					$	(0.35)					$	(0.12)					$	(0.47)
Diluted			$	(0.03)					$	(0.06)					$	(0.09)					$	(0.35)					$	(0.12)					$	(0.47)

Condensed Consolidated Statements of Comprehensive Loss (unaudited)
			Three Months Ended June 30, 2024																		Six Months Ended June 30, 2024
(in thousands)			As Previously Reported						Adjustments						As Corrected						As Previously Reported						Adjustments						As Corrected
Net loss			$	(1,394)					$	(3,229)					$	(4,623)					$	(18,053)					$	(6,458)					$	(24,511)
Comprehensive loss			(1,250)						(3,229)						(4,479)						(19,054)						(6,458)						(25,512)

Condensed Consolidated Statement of Stockholders' Equity (unaudited)
			Six Months Ended June 30, 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			26,417						—						26,417
Net loss			—						(18,053)						(18,053)
Balance at June 30, 2024			969,427						(696,844)						264,669
Adjustments
Employee stock-based compensation expense			6,458						—						6,458
Net loss			—						(6,458)						(6,458)
As Corrected
Balance at December 31, 2023			946,511						(678,269)						261,328
Employee stock-based compensation expense			32,875						—						32,875
Net loss			—						(24,511)						(24,511)
Balance at June 30, 2024			$	975,885					$	(703,302)					$	264,669

Condensed Consolidated Statement of Cash Flows (unaudited)
			Six Months Ended June 30, 2024
(in thousands)			As Previously Reported						Adjustments						As Corrected
Net loss			$	(18,053)					$	(6,458)					$	(24,511)
Stock-based compensation			$	26,514					$	6,458					$	32,972

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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 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 2: 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 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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