CONDENSED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 25,615	$ 38,753
Prepaid expenses	2,899	3,177
Other current assets	2,062	2,276
Total current assets	30,576	44,206
Right-of-use assets	869	934
Other assets	204	69
Total assets	31,649	45,209
Current liabilities:
Accounts payable	1,879	1,295
Accrued expenses and other current liabilities	12,442	12,329
Term loan, current portion	1,345	1,622
Total current liabilities	15,666	15,246
Lease liabilities, net of current portion	659	736
Term loan, current portion	0	124
Other liabilities	0	282
Total liabilities	16,325	16,388
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued or outstanding as of March 31, 2025 and December 31, 2024	0	0
Common stock, $0.0001 par value; 200,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 42,231,285 shares issued and outstanding as of March 31, 2025 and December 31, 2024	4	4
Additional paid-in capital	279,629	279,085
Accumulated deficit	(264,309)	(250,268)
Total stockholders' equity	15,324	28,821
Total liabilities and stockholders’ equity	$ 31,649	$ 45,209