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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 28,131 $ 60,031
Prepaid expenses and other current assets 10,849 4,920
Total current assets 38,980 64,951
Restricted cash 268 268
Property and equipment, net 603 638
Right of use lease asset 1,470 1,725
Other non-current assets 1,005 117
Total non-current assets 3,346 2,748
Total assets 42,326 67,699
Current liabilities    
Accounts payable 5,537 4,661
Lease liability - current 768 717
Accrued expenses and other current liabilities 13,592 14,108
Total current liabilities 19,897 19,486
Lease liability - noncurrent 868 1,198
Term loan debt, net 6,720 0
Common stock warrants 13,249 0
Total non-current liabilities 20,837 1,198
Total liabilities 40,734 20,684
Commitments and contingencies (Note 10)
Stockholders' equity    
Preferred stock, par value of $0.001 per share; 5,000,000 shares authorized, no shares issued and outstanding as of June 30, 2025 and December 31, 2024
Common stock, par value of $0.001 per share; 300,000,000 shares authorized at June 30, 2025 and December 31, 2024; 65,880,914 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 66 66
Additional paid-in capital 416,289 413,113
Accumulated deficit (407,951) (359,313)
Accumulated other comprehensive loss (6,812) (6,851)
Total stockholders' equity 1,592 47,015
Total liabilities and stockholders' equity $ 42,326 $ 67,699