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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 33,671 $ 132,325
Short-term investments 247,452 41,393
Receivable from related party 1,390 294
Unbilled receivable from related party 1,293 184
Prepaid expenses and other current assets 3,683 3,255
Total current assets 287,489 177,451
Long-term investments 61,482 0
Property and equipment, net 189 185
Right-of-use operating lease assets 352 615
Other assets and restricted cash 4,736 1,154
Total assets 354,248 179,405
Current liabilities:    
Accounts payable 7,572 2,610
Accrued expenses 7,727 6,504
Current portion of deferred revenue - related party 100 100
Current portion of operating lease liabilities 311 417
Total current liabilities 15,710 9,631
Deferred revenue - related party 640 736
Long-term operating lease liabilities 0 168
Total liabilities 16,350 10,535
Commitments and contingencies (Note 15)
Stockholders' equity/(deficit):    
Preferred stock; $0.001 par value per share; authorized shares - 10,000,000 at September 30, 2024 and December 31, 2023; issued and outstanding - none at September 30, 2024 and December 31, 2023 0 0
Common stock; $0.001 par value per share; authorized shares - 150,000,000 at September 30, 2024 and December 31, 2023; issued and outstanding shares - 29,366,352 and 14,817,696 at September 30, 2024 and December 31, 2023, respectively 29 15
Additional paid-in capital 483,140 258,231
Accumulated deficit (145,952) (89,423)
Accumulated other comprehensive income 681 47
Total stockholders' equity 337,898 168,870
Total liabilities and stockholders' equity $ 354,248 $ 179,405