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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 35,140 $ 44,441
Marketable securities 30,654 0
Prepaid expenses and other current assets 1,450 2,200
Total current assets 67,244 46,641
Property and equipment, net 54 39
Operating lease right-of-use asset 318 240
Deferred offering costs 2,739 0
Security deposit 21 31
Total assets 70,376 46,951
Current liabilities:    
Accounts payable 5,711 4,755
Total accrued liabilities 12,803 4,744
Total current liabilities 18,514 9,499
Operating lease liability, net 192 147
Other noncurrent liabilities 121 66
Preferred stock warrants liability 871 994
Total liabilities 19,698 10,706
Commitments and contingencies (Note 6)
Convertible preferred and common stock:    
Total convertible preferred and common stock 143,390 60,414
Stockholders' deficit(1):    
Common stock, par value of $0.00001 per share; 16,017,929 Class A shares authorized, and 2,004,783 shares issued at both December 31, 2022 and 2023, and 1,946,988 and 1,969,360 shares outstanding at December 31, 2022 and 2023, respectively [1] 10 [2] 10
Additional paid-in capital 2,517 [2] 1,098
Accumulated deficit (95,245) [2] (25,277)
Accumulated other comprehensive income 6 [2] 0
Total stockholders’ deficit [3] (92,712) [2] (24,169)
Total liabilities, convertible preferred and common stock and stockholders’ deficit 70,376 46,951
Series A Convertible Preferred Stock    
Convertible preferred and common stock:    
Total convertible preferred and common stock [3] 44,621 [4] 44,621
Series A-1 Convertible Preferred Stock    
Convertible preferred and common stock:    
Total convertible preferred and common stock [3] 9,893 [4] 9,893
Series B Convertible Preferred Stock    
Convertible preferred and common stock:    
Total convertible preferred and common stock 82,976 0
Class B convertible common stock    
Convertible preferred and common stock:    
Total convertible preferred and common stock [3] $ 5,900 [4] $ 5,900
[1] Retroactively recast for the reverse recapitalization as described in Note 1.
[2] Retroactively recast for the reverse recapitalization as described in Note 3.
[3] Retroactively recast for the reverse recapitalization as described in Note 1.
[4] Retroactively recast for the reverse recapitalization as described in Note 3.