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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 30,268 $ 39,230
Prepaid expenses and other current assets 1,206 1,133
Total current assets 31,474 40,363
Property and equipment—net 886 840
Operating lease right-of-use assets 8,643 9,952
Other noncurrent assets 485 448
Total assets 41,488 51,603
Current liabilities:    
Accounts payable 2,450 845
Accrued expenses 2,726 1,673
Current loan payable (net of discount and issuance costs of $74 and $112, respectively) 6,354 4,285
Current operating lease liabilities 869 952
Accrued compensation 1,762 1,543
Interest payable 59 113
Total current liabilities 14,220 9,411
Loan payable (net of discount and issuance costs of nil and $164, respectively) 0 6,264
Operating lease liabilities, less current portion 8,142 9,160
Total liabilities 22,362 24,835
Commitments and contingencies (Note 5)
Stockholders' equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 43,971,622 and 22,045,255 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 44 22
Additional paid-in capital 226,188 192,009
Accumulated deficit (207,106) (165,263)
Total stockholders' equity 19,126 26,768
Total liabilities and stockholders' equity $ 41,488 $ 51,603