Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash Reported within Balance Sheet

A reconciliation of the cash, cash

equivalents, and restricted cash reported within the balance sheet that sum to the total of the same amounts shown in the statement of cash flows is as follows:

	Year Ended December 31,
	2023		2022
Cash and cash equivalents	$	22,353	$	32,550
Restricted cash		1,392		1,392
Total	$	23,745	$	33,942

Property Plant And Equipment

Depreciation expense is recognized using the straight-line method over the estimated useful life of each asset as follows:

	Estimated Useful Life
Laboratory equipment	5 years
Computer software and equipment	3 years
Office furniture and fixtures	7 years
Leasehold improvements	Shorter of useful life or remaining term of related lease

Property and equipment consist of the following (in thousands):

	December 31,
	2023			2022
Property and equipment:
Laboratory equipment	$	2,736		$	5,022
Computer software and equipment		105			675
Office furniture and fixtures		662			323
Leasehold improvements		461			397
	$	3,964		$	6,417
Accumulated depreciation		(1,921	)		(4,174	)
Property and equipment, net	$	2,043		$	2,243

Summary of Basic and Diluted Net Loss per Share Attributable to Common Stockholders

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share data):

	Year Ended December 31,
	2023			2022
Numerator:
Net loss	$	(62,680	)	$	(55,278	)
Net loss attributable to common stockholders	$	(62,680	)	$	(55,278	)
Denominator:
Weighted-average common shares—basic and diluted		49,804,283			30,235,689
Net loss per share attributable to common stockholders—basic and diluted	$	(1.26	)	$	(1.83	)

Summary of Potentially Dilutive Securities Excluded from Calculation of Diluted Net Loss per Share

The following table sets forth the potentially dilutive securities that have been excluded from the calculation of diluted net loss per share because to include them would be anti-dilutive:

	Year Ended December 31,
	2023		2022
Stock options		5,709,980		4,311,333
Restricted stock units		105,048		28,212
Stock warrants		10,030,575		—
Total		15,845,603		4,339,545