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Restatement of Previously Issued Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Changes and Error Corrections [Abstract] |
Restatement of Previously Issued Financial Statements | Consolidated Balance Sheet
| As of December 31, 2023
| As Previously Reported |  | Adjustment |  | Reference |  | As Restated
Assets |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 75,000 |  |  | $ | — |  |  |  |  | $ | 75,000 |
Short-term investments | 21,526 |  |  | — |  |  |  |  | 21,526 |
Prepaid expenses and other current assets | 6,247 |  |  |  |  |  |  | 6,247 |
Total current assets | 102,773 |  |  | — |  |  |  |  | 102,773 |
Operating lease right-of-use assets | 52,266 |  |  | (17,242) |  |  | (a) (c) |  | 35,024 |
Property and equipment, net | 14,764 |  |  | — |  |  |  |  | 14,764 |
Restricted cash | 1,976 |  |  | — |  |  |  |  | 1,976 |
Deposit and other long-term assets | 1,231 |  |  |  |  |  |  | 1,231 |
Total assets | $ | 173,010 |  |  | $ | (17,242) |  |  |  |  | $ | 155,768 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 1,921 |  |  | $ | — |  |  |  |  | $ | 1,921 |
Accrued expenses and other current liabilities | 12,584 |  |  | — |  |  |  |  | 12,584 |
Lease liability, current portion | 10,409 |  |  | (4,933) |  |  | (a) |  | 5,476 |
Total current liabilities | 24,914 |  |  | (4,933) |  |  |  |  | 19,981 |
Long-term liabilities: |  |  |  |  |  |  |
Lease liability, net of current portion | 64,627 |  |  | 3,938 |  |  | (a) (c) |  | 68,565 |
Total liabilities | 89,541 |  |  | (995) |  |  |  |  | 88,546 |
Commitments and contingencies |  |  |  |  |  |  |
Stockholders’ equity: |  |  |  |  |  |  |
Preferred stock, $0.0001 par value, 5,000 shares authorized; no shares issued and outstanding | — |  |  | — |  |  |  |  | — |
Common stock, $0.0001 par value, 300,000 shares authorized at December 31, 2023: 10,143 shares issued and outstanding at December 31, 2023 | 1 |  |  | — |  |  |  |  | 1 |
Additional paid-in capital | 1,003,718 |  |  | — |  |  |  |  | 1,003,718 |
Accumulated other comprehensive loss | (473) |  |  | — |  |  |  |  | (473) |
Accumulated deficit | (919,777) |  |  | (16,247) |  |  | (a) (b) |  | (936,024) |
Total stockholders’ equity | 83,469 |  |  | (16,247) |  |  |  |  | 67,222 |
Total liabilities and stockholders’ equity | $ | 173,010 |  |  | $ | (17,242) |  |  |  |  | $ | 155,768 |
Consolidated Statement of Operations and Comprehensive Loss
| Year ended December 31, 2023
| As Previously Reported |  | Adjustment |  | Reference |  | As Restated
License revenue | $ | 3,600 |  |  | $ | — |  |  |  |  | $ | 3,600 |
Operating expenses: |  |  |  |  |  |  |
Research and development | 77,676 |  |  | (190) |  |  | (b) |  | 77,486 |
General and administrative | 49,915 |  |  | 5,141 |  |  | (a) |  | 55,056 |
Total operating expenses | 127,591 |  |  | 4,951 |  |  |  |  | 132,542 |
Operating loss | (123,991) |  |  | (4,951) |  |  |  |  | (128,942) |
Other income, net | 5,748 |  |  | — |  |  |  |  | 5,748 |
Net loss before income taxes | (118,243) |  |  | (4,951) |  |  |  |  | (123,194) |
Income tax benefit | 1,078 |  |  | — |  |  |  |  | 1,078 |
Net loss | $ | (117,165) |  |  | $ | (4,951) |  |  |  |  | $ | (122,116) |
Other comprehensive gain: |  |  |  |  |  |  |
Net unrealized gain on marketable securities | 1,057 |  |  | — |  |  |  |  | 1,057 |
Foreign currency translation adjustment | 1 |  |  | — |  |  |  |  | 1 |
Comprehensive loss | $ | (116,107) |  |  | $ | (4,951) |  |  |  |  | $ | (121,058) |
Net loss per share - basic and diluted | $ | (11.62) |  |  | $ | — |  |  |  |  | $ | (12.11) |
Weighted-average common shares outstanding - basic and diluted | 10,082 |  |  | — |  |  |  |  | 10,082 |
Consolidated Statement of Cash Flows
| Year ended December 31, 2023
| As Previously Reported |  | Adjustment |  | Reference |  | As Restated
Cash flows from operating activities: |  |  |  |  |  |  |
Net loss | $ | (117,165) |  |  | $ | (4,951) |  |  | (a) (b) |  | $ | (122,116) |
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |  |  |  |
Non-cash lease expense | 13,027 |  |  | 5,230 |  |  | (a) |  | 18,257 |
Non-cash sublease income | — |  |  | (89) |  |  |  |  | (89) |
Changes in operating assets and liabilities: |  |  |  |  |  |  |
Accrued expenses and other liabilities | (5,206) |  |  | (190) |  |  | (b) |  | (5,396) |
Supplemental schedule of noncash information |  |  |  |  |  |  |
Remeasurement of operating lease right-of-use assets and liabilities | $ | 13,711 |  |  | $ | (6,079) |  |  | (a) (c) |  | $ | 7,632 |

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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 + Details
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