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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,999 $ 17,909
Prepaid expenses and other assets 2,285 5,916
Assets held for sale 11 0
Total current assets 4,295 23,825
Property and equipment, net 0 4,385
Right of use assets – operating leases 717 2,040
Deferred financing costs 0 208
Total assets 5,012 30,458
Current liabilities:    
Accounts payable 4,757 2,081
Accrued expenses 2,528 7,448
Deferred revenue 0 3,729
Operating lease liabilities 703 832
Finance lease liabilities 349 905
Other current liabilities 613 1,060
Total current liabilities 8,950 16,055
Deferred revenue 41,250 41,250
Operating lease liabilities 648 724
Finance lease liabilities 0 20
Other long-term liabilities 169 318
Total liabilities 51,017 58,367
Commitments and contingencies (Note 6)
Stockholders’ deficit:    
Preferred stock $0.001 par value, 5,000,000 shares authorized, none issued or outstanding 0 0
Common stock $0.001 par value, 350,000,000 shares authorized, 41,788,096 and 41,750,109 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 41 41
Additional paid-in capital 278,573 277,629
Accumulated deficit (324,619) (305,579)
Total stockholders’ deficit (46,005) (27,909)
Total liabilities and stockholders’ deficit $ 5,012 $ 30,458