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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating expenses    
Research and development (including $13 and $46 for a related party) $ 6,030 $ 1,961
General and administrative (including $151 and $49 for a related party) 4,324 602
Total operating expenses 10,354 2,563
Loss from operations (10,354) (2,563)
Change in fair value of tranche liability (including $331 and $0 for a related party) 365 0
Change in fair value of derivative liabilities (including $1,165 and $0 for a related party) 1,229 0
Interest expense (including $1,384 and $78 for a related party) (1,443) (78)
Loss on issuance of convertible promissory notes (including $169 and $793 for a related party) (186) (793)
Other income (expense), net 193 27
Total other income (expense), net 158 (844)
Net loss and comprehensive loss $ (10,196) $ (3,407)
Net loss per share attributable to common stockholders - basic $ (2.52) $ (2.60)
Net loss per share attributable to common stockholders - diluted $ (2.52) $ (2.60)
Weighted-average shares outstanding - basic 4,053,140 1,312,552
Weighted-average shares outstanding - diluted 4,053,140 1,312,552