Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 227,569	$ 28,670
Short-term investments	3,493	18,567
Accounts receivable, net	0	5,903
Inventory	0	5,311
Prepaid expenses and other current assets	1,552	2,836
Total current assets	232,614	61,287
Property and equipment, net	25	6,846
Operating lease right-of-use assets	0	787
Other assets	1,363	1,399
Total assets	234,002	70,319
Current liabilities:
Accounts payable	3,657	2,159
Accrued liabilities	8,617	14,647
Operating lease liabilities, current portion	0	268
Total current liabilities	12,274	17,074
Operating lease liabilities, net of current portion	0	565
Other Liabilities, Noncurrent	0	202
Total liabilities	12,274	17,841
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2025 and December 31, 2024	0	0
Common stock, $0.0001 par value; 300,000,000 shares authorized; 46,784,618 and 24,680,708 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively.	4	2
Additional paid-in capital	481,361	385,114
Accumulated other comprehensive income	1	16
Accumulated deficit	(259,638)	(332,654)
Total stockholders’ equity	221,728	52,478
Total liabilities and stockholders’ equity	$ 234,002	$ 70,319