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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net loss $ (49,501) $ (21,516)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,113 945
Stock-based compensation expense 1,978 2,539
Change in fair value of the Convertible Loan 15,191 (17,276)
Non-cash interest expense 11,739 7,483
Change in right-of-use asset 1,770 1,489
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (155) 2,095
Accounts payable and accrued liabilities (24) (2,031)
Accrued compensation (437) 812
Operating lease liability (763) (4,164)
Net cash used in operating activities (19,089) (29,624)
Investing activities:    
Purchases of property and equipment (490) (1,956)
Net cash used in investing activities (490) (1,956)
Financing activities:    
Proceeds from issuance of term debt, net of issuance costs 25,000 34,889
Payments for taxes related to net share settlement of equity awards (46) (61)
Proceeds from exercise of stock options   130
Net cash provided by financing activities 24,954 34,958
Net increase in cash, cash equivalents and restricted cash 5,375 3,378
Cash, cash equivalents and restricted cash, beginning of period 14,771 19,243
Cash, cash equivalents and restricted cash, end of period 20,146 22,621
Supplemental disclosure of cash flow information:    
Property and equipment included in accounts payable and accrued liabilities $ 31 263
Right-of-use asset assumed by obtained operating lease liabilities   $ 977