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Restructuring and Other Related Charges | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Restructuring and Other Related Charges | 4. Restructuring and Other Related Charges In connection with the ENLIGHTEN 1 trial failing to meet its primary endpoint, on May 16, 2024, the Board of Directors approved a reduction in the Company’s workforce, impacting 87 employees, which occurred during May and June 2024. The Company incurred costs related to employee termination benefits and other costs associated with the restructuring mainly during the second quarter of 2024, with the remainder of the costs incurred through May 1, 2025. These amounts are recorded as restruc turing and other related charges within our condensed consolidated statements of operations and comprehensive loss as they are incurred. For the three months ended June 30, 2025, restructuring and other related charges were $0.4 million, which consisted of $0.3 million of severance costs and $0.1 million of retention costs. For the six months ended June 30, 2025, restructuring and other related charges were $1.3 million, which consisted of $1.0 million of severance costs and $0.3 million of retention costs. Total restructuring charges since the second quarter of 2024 amount to $12.2 million. Restructuring liability activities during the year ended December 31, 2024 and the six months ended June 30, 2025 consist of the following (in thousands):
|  | Severance Costs |  |  | Retention Costs |  |  | Other Costs |  |  | Total Restructuring |
Balance at December 31, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Accruals |  |  | 6,713 |  |  |  | 3,174 |  |  |  | 1,009 |  |  |  | 10,896 |
Cash payments |  |  | (3,953 | ) |  |  | (1,596 | ) |  |  | (1,000 | ) |  |  | (6,549 | )
Balance at December 31, 2024 |  |  | 2,760 |  |  |  | 1,578 |  |  |  | 9 |  |  |  | 4,347 |
Accruals |  |  | 1,003 |  |  |  | 280 |  |  |  | — |  |  |  | 1,283 |
Cash payments |  |  | (277 | ) |  |  | (1,858 | ) |  |  | (9 | ) |  |  | (2,144 | )
Balance at June 30, 2025 |  | $ | 3,486 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,486 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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