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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 128,574 $ 121,136
Prepaid expenses and other current assets 7,958 8,497
Total current assets 136,532 129,633
Property and equipment, net 20,964 21,854
Intangible assets, net 37 176
Total assets 157,533 151,663
Current liabilities:    
Accounts payable and other accrued expenses 7,654 10,573
Accrued development expense 2,440 3,037
Accrued compensation and benefits 1,357 200
Other current liabilities 299 385
Total current liabilities 11,750 14,195
Other non-current liabilities 79 0
Total liabilities 11,829 14,195
Commitments and contingencies (Notes 10, 11 and 12)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.001 par value; 120,000,000 shares authorized; 48,203,179 and 42,236,919 shares issued and outstanding at December 31, 2024 and 2023, respectively 48 42
Additional paid-in capital 550,767 518,195
Retained Earnings (Accumulated Deficit) (405,111) (380,769)
Total stockholders' equity 145,704 137,468
Total liabilities and stockholders' equity $ 157,533 $ 151,663