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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet that total to the amounts shown in the statement of cash flows:

(in thousands)

 

March 31,
2025

 

 

December 31,
2024

 

Cash and cash equivalents

 

$

40,269

 

 

$

12,474

 

Restricted cash

 

 

4,044

 

 

 

4,044

 

Total cash, cash equivalents, and restricted cash shown in statement of cash flows

 

$

44,313

 

 

$

16,518

 

Schedule of Potentially Dilutive Securities Excluded from Computation of Diluted Weighted-average Shares of Common Stock Outstanding

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares of common stock outstanding, as they would be anti-dilutive:

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

Unvested restricted stock units

 

 

384,875

 

 

 

93,125

 

Stock options

 

 

16,639,068

 

 

 

14,737,740

 

Employee stock purchase plan

 

 

249,570

 

 

 

50,941

 

 

 

17,273,513

 

 

 

14,881,806