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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 2,044 $ 1,754
Short-term investments 33,098 41,399
Prepaid expenses and other current assets 462 581
Total current assets 35,604 43,734
Property and equipment, net 113 182
Operating lease right-of-use assets, net 829 1,007
Security deposits and other assets 31 31
Total assets 36,577 44,954
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 2,638 1,731
Current portion of operating lease liabilities 377 364
Total current liabilities 3,015 2,095
Long-term operating lease liabilities 505 700
Total liabilities 3,520 2,795
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock, par value $0.00001, 10,000 shares authorized, no shares issued or outstanding
Common stock, par value $0.00001, 250,000 shares authorized, 19,247 and 17,536 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively
Additional paid-in capital 196,109 194,014
Accumulated deficit (163,052) (151,855)
Total stockholders’ equity 33,057 42,159
Total liabilities and stockholders’ equity $ 36,577 $ 44,954