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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 9,476 $ 41,213
Restricted cash 16,342 15,947
Marketable securities 142,999 71,212
Accounts receivable, net 1,000 0
Prepaid expenses and other current assets 5,177 5,459
Total current assets 174,994 133,831
Operating lease right-of-use assets 3,190 3,968
Property and equipment, net 23,016 29,167
Intangibles, net 42,356 44,883
Restricted cash, long-term 1,053 1,054
Other long-term assets 383 705
TOTAL ASSETS 244,992 213,608
Current liabilities:    
Accounts payable 4,586 3,529
Accrued expenses 8,229 6,842
Contingent consideration 12,750 12,750
Long-term debt 1,306 2,733
Operating lease obligations 1,754 1,608
Financing lease obligations 2 78
Deferred revenue 1,081 1,116
Total current liabilities 29,708 28,656
Long-term debt, net of current portion 65 1,257
Operating lease obligations, net of current portion 3,093 4,429
Other long-term liabilities 1,786 133
TOTAL LIABILITIES 34,652 34,475
Commitments (See Note 6)
STOCKHOLDERS' EQUITY    
Preferred stock 0 0
Common stock 15 12
Additional paid-in capital 805,047 688,726
Accumulated deficit (595,222) (509,601)
Accumulated other comprehensive income (loss) 500 (4)
TOTAL STOCKHOLDERS' EQUITY 210,340 179,133
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 244,992 $ 213,608