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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 39,818 $ 36,015
Short-term investments 139,662 91,443
Prepaid expenses and other current assets 2,149 2,234
Total current assets 181,629 129,692
Property and equipment, net 4,471 3,479
Operating lease right-of-use assets 3,554 4,429
Long-term investments 5,089  
Restricted cash 198 414
Other assets 1,647 251
Total assets 196,588 138,265
Current liabilities:    
Accounts payable 758 5,048
Accrued expenses and other current liabilities 15,399 7,378
Operating lease liabilities, current 1,057 877
Total current liabilities 17,214 13,303
Operating lease liabilities, long-term 2,588 3,767
Total liabilities 19,802 17,070
Commitments and contingencies (Note 13)
Stockholders' equity:    
Common stock, $0.001 par value; 500,000,000 shares authorized as of December 31, 2024 and 2023; 31,231,264 and 22,522,644 shares issued and outstanding as of December 31, 2024 and 2023, respectively 31 23
Additional paid-in capital 373,284 237,675
Accumulated other comprehensive income (loss) 447 (83)
Accumulated deficit (196,976) (116,420)
Total stockholders' equity 176,786 121,195
Total liabilities and stockholders' equity $ 196,588 $ 138,265