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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating expenses:        
Research and development $ 15,187 $ 6,865 $ 30,829 $ 12,627
General and administrative 3,965 4,123 8,098 7,984
Total operating expenses 19,152 10,988 38,927 20,611
Operating loss (19,152) (10,988) (38,927) (20,611)
Other income (expense), net:        
Interest and investment income, net 1,314 1,600 2,995 2,628
Interest expense 0 (652) 0 (1,491)
Other income, net 176 43 1,292 2,578
Total other income, net 1,490 991 4,287 3,715
Net loss $ (17,662) $ (9,997) $ (34,640) $ (16,896)
Net loss per share of common stock-basic $ (1.44) $ (0.9) $ (2.83) $ (1.75)
Net loss per share of common stock-diluted $ (1.44) $ (0.9) $ (2.83) $ (1.75)
Weighted average number of common shares outstanding, basic 12,240,443 11,053,241 12,221,373 9,681,875
Weighted average number of common shares outstanding, diluted 12,240,443 11,053,241 12,221,373 9,681,875
Comprehensive loss:        
Net Income (Loss) $ (17,662) $ (9,997) $ (34,640) $ (16,896)
Other comprehensive loss:        
Change in unrealized loss on marketable debt securities (16) (59) (74) (387)
Total other comprehensive loss (16) (59) (74) (387)
Total comprehensive loss $ (17,678) $ (10,056) $ (34,714) $ (17,283)