Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 163,962 $ 193,238
Short-term investments 0 48,011
Prepaid expenses and other current assets 2,713 3,241
Total current assets 166,675 244,490
Property and equipment, net 2,743 2,541
Finance lease right-of-use assets 7,020 0
Operating lease right-of-use assets 6,315 4,910
Other assets 2,293 1,709
Total Assets 185,046 253,650
Current liabilities:    
Accounts payable 4,923 4,547
Accrued and other current liabilities 12,188 7,887
Finance lease liabilities, current portion 5,989 0
Operating lease liabilities, current portion 3,986 3,560
Total current liabilities 27,086 15,994
Finance lease liabilities, net of current portion 3,241 0
Operating lease liabilities, net of current portion 2,384 1,458
Total Liabilities 32,711 17,452
Commitments and contingencies (see Notes 6 and 7)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized as of December 31, 2024 and December 31, 2023; no shares issued or outstanding at December 31, 2024 and December 31, 2023 0 0
Voting and non-voting common stock, $0.00001 par value: 150,000,000 (143,590,481 voting and 6,409,519 non-voting) shares authorized as of December 31, 2024 and December 31, 2023; 50,743,101 voting shares issued and outstanding as of December 31, 2024 and 47,823,232 (46,378,937 voting and 1,444,295 non-voting) shares issued and outstanding as of December 31, 2023 1 0
Additional paid-in capital 501,435 469,396
Accumulated other comprehensive income 0 39
Accumulated deficit (349,101) (233,237)
Total stockholders’ equity 152,335 236,198
Total liabilities and stockholders’ equity $ 185,046 $ 253,650