BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 41,666	$ 86,097
Marketable securities, available for sale	428,504	232,296
Prepaid expenses and other assets	5,313	8,604
Total current assets	475,483	326,997
Property and equipment, net	9,503	10,443
Operating lease right-of-use asset	1,569	2,247
Other non-current assets	262	348
Total assets	486,817	340,035
Current liabilities
Accounts payable	5,579	4,025
Accrued compensation	10,056	5,695
Accrued other expenses	7,229	6,071
Operating lease liability, current portion	996	980
Total current liabilities	23,860	16,771
Operating lease liability, net of current portion	3,741	4,434
Total liabilities	27,601	21,205
Commitments and contingencies (see note 5)
Stockholders' equity:
Preferred stock, $.0001 par value per share; 200,000,000 shares authorized and no shares issued or outstanding as of December 31, 2024 and December 31, 2023
Common stock, $.0001 par value per share; 1,000,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 94,838,466 shares and 70,453,342 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively	9	7
Additional paid-in capital	837,363	563,487
Accumulated other comprehensive income	420	99
Accumulated deficit	(378,576)	(244,763)
Total stockholders' equity	459,216	318,830
Total liabilities and stockholders' equity	$ 486,817	$ 340,035