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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 106,144 $ 22,244
Short-term investments   36,121
Prepaid expenses and other current assets 1,472 2,981
Total current assets 107,616 61,346
Property and equipment, net 110 77
Other assets 57 138
Total assets 107,783 61,561
Current liabilities:    
Accounts payable 5,301 4,879
Accrued liabilities 3,869 4,202
Total current liabilities 9,170 9,081
Commitments and contingencies (Note 6)
Stockholders' equity:    
Common stock, $0.001 par value: 200,000,000 shares authorized as of June 30, 2025 (unaudited) and December 31, 2024; 12,282,024 and 6,393,323 shares issued and outstanding as of June 30, 2025 (unaudited) and December 31, 2024, respectively 12 6
Additional paid-in capital 279,504 206,461
Accumulated other comprehensive income   11
Accumulated deficit (180,903) (153,998)
Total stockholders’ equity 98,613 52,480
Total liabilities and stockholders' equity $ 107,783 $ 61,561