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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 44,220 $ 33,751
Short-term investments 31,990 44,872
Prepaid expenses and other current assets 1,163 1,494
Total current assets 77,373 80,117
Property and equipment, net 2 6
Operating lease right-of-use assets 158 209
Total assets 77,533 80,332
Current liabilities:    
Accounts payable 69 224
Accrued and other current liabilities 2,036 3,187
Operating lease liabilities 312 417
Total current liabilities 2,417 3,828
Other liabilities 70 70
Total liabilities 2,487 3,898
Commitments and contingencies (Note 5)  
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024, respectively; no shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
Common stock, $0.0001 par value; 150,000,000 shares authorized at March 31, 2025 and December 31, 2024, respectively; 28,985,019 and 27,762,703 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 3 3
Additional paid-in capital 310,563 309,378
Accumulated other comprehensive gain 50 105
Accumulated deficit (235,570) (233,052)
Total stockholders' equity 75,046 76,434
Total liabilities and stockholders' equity $ 77,533 $ 80,332