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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operations:    
Net Loss $ (14,767) $ (13,702)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,415 1,721
Depreciation 891 936
Non-cash operating lease expense 132 118
Net amortization of investments (48) (2)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 1,076 723
Other assets (32) 16
Accounts payable (911) (886)
Accrued expenses and other current liabilities (1,955) (716)
Non-current operating lease liabilities (225) (240)
Net cash used in operating activities (13,424) (12,032)
Cash flows from investing activities:    
Maturities of investments 23,915 15,600
Purchases of investments (67) 0
Net cash provided by investing activities 23,848 15,600
Cash flows from financing activities:    
Proceeds from sale of common stock, net of offering costs 20,562 0
Proceeds from exercise of common stock warrants 5,444 0
Proceeds from the exercises of stock options and purchases pursuant to employee stock purchase plan 59 8
Taxes paid related to net share settlement of equity awards (262) (65)
Net cash provided by (used in) financing activities 25,803 (57)
Increase in cash and cash equivalents 36,227 3,511
Cash and cash equivalents, beginning of period 54,192 57,387
Cash and cash equivalents, end of period 90,419 60,898
Supplemental disclosures of non-cash financial activities:    
Unrealized gain on investments 6 0
Unpaid amounts related to purchase of property and equipment 63 0
Changes in lease balances resulting from lease modification $ 678 $ 0