Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 44,127	$ 40,876
Marketable securities, current	98,147	128,578
Prepaid expenses and other current assets	3,037	6,204
Total current assets	145,311	175,658
Property and equipment, net	287	409
Marketable securities, noncurrent	6,032	13,843
Right-of-use assets	977	1,143
Other assets	248	235
Total assets	152,855	191,288
Current liabilities:
Accounts payable	2,598	6,579
Accrued expenses	8,632	7,439
Operating lease liabilities, current	377	352
Total current liabilities	11,607	14,370
Operating lease liabilities, noncurrent	643	838
Total liabilities	12,250	15,208
Stockholders’ equity:
Preferred stock, $0.00001 par value, 5,000,000 shares authorized at June 30, 2025 and December 31, 2024. No shares issued or outstanding at June 30, 2025 and December 31, 2024.
Common stock, $0.00001 par value, 1,000,000,000 shares authorized; 52,993,238 and 51,935,134 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively.
Additional paid-in capital	547,942	544,653
Accumulated deficit	(407,358)	(368,712)
Accumulated other comprehensive income	21	139
Total stockholders’ equity	140,605	176,080
Total liabilities and stockholders’ equity	$ 152,855	$ 191,288

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).