Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Stock Options

The following shows the stock option activities for the years ended December 31, 2024 and 2023:

	Total Options Outstanding			Weighted-Average Exercise Price
Balance—December 31, 2022		1,553,041		$	6.66
Granted		2,308,800			7.26
Exercised		(713	)		1.23
Cancelled and forfeited		(307,016	)		3.97
Balance—December 31, 2023		3,554,112		$	7.28
Granted		897,125			3.96
Exercised		(81,699	)		1.91
Cancelled and forfeited		(208,376	)		8.23
Balance—December 31, 2024		4,161,162			6.62

Summary of Information About Stock Options Outstanding

The following table summarizes information about stock options outstanding at December 31, 2024:

	Shares		Weighted Average Remaining Contractual Life (In Years)		Weighted Average Exercise Price		Aggregate Intrinsic Value
Options outstanding		4,161,162		8.18	$	6.62	$	—
Vested and expected to vest		4,161,162		8.18	$	6.62	$	—
Exercisable		1,772,011		7.47	$	6.78	$	—

Schedule of Stock Based Compensation Expense

Company’s consolidated statements of operations for the years ended December 31, 2024 and 2023:

	2024		2023
Research and development	$	2,222	$	899
General and administrative		3,081		1,647
Total	$	5,303	$	2,546

Share-based Payment Arrangement, Employee

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Grant Date Fair Value

The fair value of employee stock options was estimated using the following assumptions for the years ended December 31, 2024 and 2023:

	2024			2023
Expected term (in years)	5.5 - 6.1			5.5 - 6.1
Expected volatility	109% - 124%			106% - 111%
Risk-free interest rate	3.5% - 4.7%			3.4% - 4.5%
Dividends		—	%		—	%