v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 36,056 $ 41,870
Accounts receivable 3,539 1,826
Short-term investments 243,012 273,305
Prepaid expenses and other current assets 9,302 14,539
Total current assets 291,909 331,540
Long-term investments 27,657 980
Property and equipment, net 64,384 96,836
Operating lease right-of-use assets 46,508 61,675
Restricted cash 10,227 15,177
Other assets 9 9
Total assets 440,694 506,217
Current liabilities:    
Accounts payable 9,365 4,719
Accrued expenses 21,348 27,514
Deferred revenue 393 685
Operating lease liabilities, current portion 7,416 6,176
Total current liabilities 38,522 39,094
CIRM award liability 5,070 0
Operating lease liabilities, net of current portion 77,849 97,360
Stock price appreciation milestones 527 1,346
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; authorized shares - 5,000,000; Class A Convertible Preferred shares issued and outstanding - 2,755,086 at December 31, 2024 and 2,761,108 at December 31, 2023 3 3
Common stock, $0.001 par value; authorized shares - 250,000,000; issued and outstanding - 113,928,279 at December 31, 2024 and 98,627,076 at December 31, 2023 114 99
Additional paid-in capital 1,716,335 1,580,032
Accumulated other comprehensive loss 268 15
Accumulated deficit (1,397,994) (1,211,732)
Total stockholders’ equity 318,726 368,417
Total liabilities and stockholders’ equity $ 440,694 $ 506,217