Unaudited Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Current Assets:
Cash and cash equivalents	$ 257,486,000	$ 354,349,000
Marketable securities, current	63,032,000
Accounts receivable	361,000
Prepaid expenses and other current assets	3,934,000	2,754,000
Total current assets	324,813,000	357,103,000
Investments	100,000	100,000
Marketable securities	14,559,000	0
Property and equipment, net	929,000	591,000
Operating lease right-of-use assets, net	3,201,000	200,000
Other assets	239,000	240,000
Total assets	343,841,000	358,234,000
Current Liabilities:
Accounts payable	3,989,000	1,996,000
Accrued expenses and other current liabilities	4,866,000	11,751,000
Term loan, current	6,000,000	6,000,000
Operating lease liabilities, current	700,000	202,000
Deferred revenue, current	8,183,000	7,826,000
Total current liabilities	23,738,000	27,775,000
Deferred revenue	3,227,000	4,674,000
Term loan	1,056,000	2,502,000
Warrant liability	97,000	156,000
Operating lease liabilities	2,556,000
Total liabilities	30,674,000	35,107,000
Commitments and Contingencies (Note 8)
Stockholders' Equity
Preferred stock, $0.00001 par value; 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024; no shares issued or outstanding as of March 31, 2025 and December 31, 2024
Common stock, $0.00001 par value; 500,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 35,850,037 shares issued and outstanding as of March 31, 2025 and December 31, 2024
Additional paid-in-capital	578,642,000	575,693,000
Accumulated other comprehensive income	264,000	245,000
Accumulated deficit	(265,739,000)	(252,811,000)
Total stockholders' equity	313,167,000	323,127,000
Total liabilities and stockholders' equity	$ 343,841,000	$ 358,234,000