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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (42,589) $ (22,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 65 16
Amortization of right-of-use assets 71 31
Foreign currency gain (loss) 146 (62)
Amortization of debt issuance costs 135 135
Accretion on premium to short-term investments (2,495) (1,837)
Stock-based compensation 4,453 1,822
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (2,677) 377
Non-current assets (814) (792)
Accounts payable and accrued expenses and other current liabilities 566 12
Net cash used in operating activities (43,139) (22,298)
Cash flows from investing activities:    
Purchase of property and equipment (31) (229)
Purchase of available-for-sale securities, net (34,138) (60,872)
Maturities of available-for-sale securities 74,500 54,000
Net cash provided by (used in) investing activities 40,331 (7,101)
Cash flows from financing activities:    
Proceeds from exercise of stock options, net 62 131
Reimbursement of commissions from the prior issuance of common stock upon at the market sales, net 46  
Repurchase of shares for minimum tax withholdings (4) (1)
Net cash provided by financing activities 104 130
Effect of exchange rate changes on cash and cash equivalents (17) (86)
Decrease in cash and cash equivalents (2,721) (29,355)
Cash and cash equivalents beginning of period 26,585 52,100
Cash and cash equivalents end of period 23,864 22,745
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 1,078 $ 973