XML 11 R5.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)
$ in Thousands
Total
Initial Public Offering [Member]
Private Placement Offering [Member]
Convertible Preferred Stock [Member]
Common Stock [Member]
Common Stock [Member]
Initial Public Offering [Member]
Common Stock [Member]
Private Placement Offering [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Initial Public Offering [Member]
Additional Paid-in Capital [Member]
Private Placement Offering [Member]
Additional Paid-in Capital [Member]
Adoption of ASU 2020-06
Accumulated Other Comprehensive Income [Member]
Accumulated Deficit [Member]
Accumulated Deficit [Member]
Adoption of ASU 2020-06
Convertible Preferred Stock, beginning balance at Dec. 31, 2023       $ 261,713                    
Convertible Preferred Stock, beginning balance (in shares) at Dec. 31, 2023       12,876,561                    
Beginning balance at Dec. 31, 2023 $ (203,105)       $ 1     $ 26,421     $ 12,317 $ 137 $ (229,664) $ (12,317)
Beginning balance (in shares) at Dec. 31, 2023         6,021,327                  
Stock option exercises 6             6            
Stock option exercises (in shares)         794                  
Stock-based compensation expense 1,357             1,357            
Unrealized gain (loss) on short-term investments (132)                     (132)    
Net Income (Loss) (12,449)                       (12,449)  
Convertible Preferred Stock, ending balance at Mar. 31, 2024       $ 261,713                    
Convertible Preferred Stock, ending balance (in shares) at Mar. 31, 2024       12,876,561                    
Ending balance at Mar. 31, 2024 (214,323)       $ 1     40,101       5 (254,430)  
Ending balance (in shares) at Mar. 31, 2024         6,022,121                  
Convertible Preferred Stock, beginning balance at Dec. 31, 2024 $ 321,373     $ 321,373                    
Convertible Preferred Stock, beginning balance (in shares) at Dec. 31, 2024 17,228,954     17,228,954                    
Beginning balance at Dec. 31, 2024 $ (245,360)       $ 1     51,311       65 (296,737)  
Beginning balance (in shares) at Dec. 31, 2024         6,667,793                  
Convertible Preferred Stock, ending balance at Jan. 31, 2025   $ 321,400       $ 57,300                
Convertible Preferred Stock, beginning balance at Dec. 31, 2024 $ 321,373     $ 321,373                    
Convertible Preferred Stock, beginning balance (in shares) at Dec. 31, 2024 17,228,954     17,228,954                    
Beginning balance at Dec. 31, 2024 $ (245,360)       $ 1     51,311       65 (296,737)  
Beginning balance (in shares) at Dec. 31, 2024         6,667,793                  
Conversion of convertible preferred stock into common stock on initial public offering       $ (321,373)                    
Conversion of convertible preferred stock into common stock on initial public offering (in shares)       (17,228,954)                    
Conversion of convertible preferred stock into common stock on initial public offering 321,373       $ 2     321,371            
Conversion of convertible preferred stock into common stock on initial public offering (in shares)         19,827,003                  
Issuance of common stock in offering, net of underwriting discounts and commissions and offering costs   $ 190,379 $ 15,591     $ 1     $ 190,378 $ 15,591        
Issuance of common stock in offering, net of underwriting discounts and commissions and offering costs (in shares)           12,475,000 1,000,000              
Reclassification of convertible preferred stock and common stock warrants into common stock on initial public offering 57,348             57,348            
Reclassification of convertible preferred stock and common stock warrants into common stock on initial public offering (in shares)         3,369,473                  
Stock option exercises $ 98             98            
Stock option exercises (in shares) 14,621       14,621                  
Stock-based compensation expense $ 2,804             2,804            
Unrealized gain (loss) on short-term investments 175                     175    
Net Income (Loss) $ (28,656)                       (28,656)  
Convertible Preferred Stock, ending balance (in shares) at Mar. 31, 2025 0                          
Ending balance at Mar. 31, 2025 $ 313,752       $ 4     $ 638,901       $ 240 $ (325,393)  
Ending balance (in shares) at Mar. 31, 2025         43,353,890