Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 48,799	$ 71,637
Prepaid expenses and other current assets	4,375	4,174
Total current assets	53,174	75,811
Property and equipment, net	1,599	1,875
Operating lease right-of-use assets	1,875	976
Restricted cash	417	417
Other non-current assets	532	820
Total assets	57,597	79,899
Current liabilities:
Accounts payable	2,995	4,027
Current portion of operating lease liabilities	1,835	1,089
Accrued expenses and other current liabilities	7,504	10,121
Total current liabilities	12,334	15,237
Non-current portion of operating lease liabilities	755	724
Other non-current liabilities	2,264	2,264
Total liabilities	15,353	18,225
Commitments and contingencies (Note 7)
Preferred stock: $0.0001 par value — 10,000,000 shares authorized at March 31, 2025 and December 31, 2024; none issued and outstanding at March 31, 2025 and December 31, 2024
Common stock: $0.0001 par value — 492,000,000 shares authorized at March 31, 2025 and December 31, 2024; 15,022,122 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	2	2
Additional paid-in capital	304,352	302,541
Accumulated deficit	(262,110)	(240,869)
Total stockholders’ equity	42,244	61,674
Total liabilities and stockholders’ equity	$ 57,597	$ 79,899