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STATEMENTS OF CONVERTIBLE PREFERRED AND COMMON STOCK AND STOCKHOLDERS’ DEFICIT - USD ($)
$ in Thousands
Total
Previously Reported
Series A Convertible Preferred Stock
Series A-1 Convertible Preferred Stock
Class B Convertible Preferred Stock
Class B convertible common stock
Class A Common Stock
Class A Common Stock
Previously Reported
[1]
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income
Beginning balance, temporary equity (in shares) at Dec. 31, 2021 [1]     12,077,942 0 0 2,744,184          
Beginning balance, temporary equity at Dec. 31, 2021 [1]     $ 24,381 $ 0 $ 0 $ 5,900          
Convertible Preferred and Common Stock                      
Issuance of convertible preferred stock, net of issuance costs (in shares) [1]     9,899,340 2,950,548              
Issuance of convertible preferred stock, net of issuance costs [1]     $ 20,240 $ 9,893              
Ending balance, temporary equity (in shares) at Dec. 31, 2022 [1]     21,977,282 2,950,548 0 2,744,184          
Ending balance, temporary equity at Dec. 31, 2022 $ 60,414   $ 44,621 [1] $ 9,893 [1] $ 0 [1] $ 5,900 [1]          
Beginning balance at Dec. 31, 2021 [1] (14,214)           $ 1   $ 251 $ (14,466) $ 0
Beginning balance, common stock (in shares) at Dec. 31, 2021 [1]             1,891,985        
Stockholders' Deficit                      
Exercise of stock options (in shares) [1]             55,003        
Exercise of stock options [1] 135           $ 9   126    
Share-based compensation [1] 721               721    
Unrealized gain on marketable securities 0                    
Net loss [1] $ (10,811)                 (10,811)  
Ending balance, common stock (in shares) at Dec. 31, 2022 1,946,988           1,946,988 1,946,988      
Ending balance at Dec. 31, 2022 [1] $ (24,169)           $ 10   1,098 (25,277) 0
Convertible Preferred and Common Stock                      
Issuance of convertible preferred stock, net of issuance costs (in shares)         28,019,181            
Issuance of convertible preferred stock, net of issuance costs         $ 82,976            
Ending balance, temporary equity (in shares) at Mar. 31, 2023     21,977,282 2,950,548 28,019,181 2,744,184          
Ending balance, temporary equity at Mar. 31, 2023     $ 44,621 $ 9,893 $ 82,976 $ 5,900          
Stockholders' Deficit                      
Share-based compensation 142               142    
Net loss (12,670)                 (12,670)  
Ending balance, common stock (in shares) at Mar. 31, 2023             1,952,581        
Ending balance at Mar. 31, 2023 (36,678)           $ 10   1,259 (37,947) 0
Beginning balance, temporary equity (in shares) at Dec. 31, 2022 [1]     21,977,282 2,950,548 0 2,744,184          
Beginning balance, temporary equity at Dec. 31, 2022 60,414   $ 44,621 [1] $ 9,893 [1] $ 0 [1] $ 5,900 [1]          
Ending balance, temporary equity (in shares) at Jun. 30, 2023     21,977,282 2,950,548 28,019,181 2,744,184          
Ending balance, temporary equity at Jun. 30, 2023     $ 44,621 $ 9,893 $ 82,976 $ 5,900          
Beginning balance at Dec. 31, 2022 [1] $ (24,169)           $ 10   1,098 (25,277) 0
Beginning balance, common stock (in shares) at Dec. 31, 2022 1,946,988           1,946,988 1,946,988      
Stockholders' Deficit                      
Unrealized gain on marketable securities $ (14)                    
Net loss (27,396)                    
Ending balance, common stock (in shares) at Jun. 30, 2023             1,958,174        
Ending balance at Jun. 30, 2023 (51,210)           $ 10   1,467 (52,673) (14)
Beginning balance, temporary equity (in shares) at Dec. 31, 2022 [1]     21,977,282 2,950,548 0 2,744,184          
Beginning balance, temporary equity at Dec. 31, 2022 60,414   $ 44,621 [1] $ 9,893 [1] $ 0 [1] $ 5,900 [1]          
Convertible Preferred and Common Stock                      
Issuance of convertible preferred stock, net of issuance costs (in shares) [1]         28,019,181            
Issuance of convertible preferred stock, net of issuance costs [1]         $ 82,976            
Ending balance, temporary equity (in shares) at Dec. 31, 2023 [1],[2]     21,977,282 2,950,548 28,019,181 2,744,184          
Ending balance, temporary equity at Dec. 31, 2023 143,390   $ 44,621 [1],[2] $ 9,893 [1],[2] $ 82,976 [1],[2] $ 5,900 [1],[2]          
Beginning balance at Dec. 31, 2022 [1] $ (24,169)           $ 10   1,098 (25,277) 0
Beginning balance, common stock (in shares) at Dec. 31, 2022 1,946,988           1,946,988 1,946,988      
Stockholders' Deficit                      
Exercise of stock options (in shares) [1]             22,372        
Exercise of stock options [1] $ 76               76    
Share-based compensation [1] 1,343               1,343    
Unrealized gain on marketable securities [1] 6                   6
Net loss [1] $ (69,968)                 (69,968)  
Ending balance, common stock (in shares) at Dec. 31, 2023 1,969,360 1,969,360       2,744,184 1,969,360 [2] 1,969,360      
Ending balance at Dec. 31, 2023 [1] $ (92,712) [3]           $ 10 [2]   2,517 [2] (95,245) [2] 6 [2]
Beginning balance, temporary equity (in shares) at Mar. 31, 2023     21,977,282 2,950,548 28,019,181 2,744,184          
Beginning balance, temporary equity at Mar. 31, 2023     $ 44,621 $ 9,893 $ 82,976 $ 5,900          
Ending balance, temporary equity (in shares) at Jun. 30, 2023     21,977,282 2,950,548 28,019,181 2,744,184          
Ending balance, temporary equity at Jun. 30, 2023     $ 44,621 $ 9,893 $ 82,976 $ 5,900          
Beginning balance at Mar. 31, 2023 (36,678)           $ 10   1,259 (37,947) 0
Beginning balance, common stock (in shares) at Mar. 31, 2023             1,952,581        
Stockholders' Deficit                      
Share-based compensation 189               189    
Unrealized gain on marketable securities (14)                   (14)
Net loss (14,726)                 (14,726)  
Ending balance, common stock (in shares) at Jun. 30, 2023             1,958,174        
Ending balance at Jun. 30, 2023 (51,210)           $ 10   1,467 (52,673) (14)
Beginning balance, temporary equity (in shares) at Dec. 31, 2023 [1],[2]     21,977,282 2,950,548 28,019,181 2,744,184          
Beginning balance, temporary equity at Dec. 31, 2023 143,390   $ 44,621 [1],[2] $ 9,893 [1],[2] $ 82,976 [1],[2] $ 5,900 [1],[2]          
Ending balance, temporary equity (in shares) at Mar. 31, 2024     0 0 0 0          
Ending balance, temporary equity at Mar. 31, 2024     $ 0 $ 0 $ 0 $ 0          
Beginning balance at Dec. 31, 2023 [1] $ (92,712) [3]           $ 10 [2]   2,517 [2] (95,245) [2] 6 [2]
Beginning balance, common stock (in shares) at Dec. 31, 2023 1,969,360 1,969,360       2,744,184 1,969,360 [2] 1,969,360      
Stockholders' Deficit                      
Share-based compensation $ 947               947    
Unrealized gain on marketable securities (7)                   (7)
Net loss (16,648)                 (16,648)  
Ending balance, common stock (in shares) at Mar. 31, 2024             25,500,130        
Ending balance at Mar. 31, 2024 198,167           $ 0   310,061 (111,893) (1)
Beginning balance, temporary equity (in shares) at Dec. 31, 2023 [1],[2]     21,977,282 2,950,548 28,019,181 2,744,184          
Beginning balance, temporary equity at Dec. 31, 2023 143,390   $ 44,621 [1],[2] $ 9,893 [1],[2] $ 82,976 [1],[2] $ 5,900 [1],[2]          
Ending balance, temporary equity (in shares) at Jun. 30, 2024     0 0 0 0          
Ending balance, temporary equity at Jun. 30, 2024 0   $ 0 $ 0 $ 0 $ 0          
Beginning balance at Dec. 31, 2023 [1] $ (92,712) [3]           $ 10 [2]   2,517 [2] (95,245) [2] 6 [2]
Beginning balance, common stock (in shares) at Dec. 31, 2023 1,969,360 1,969,360       2,744,184 1,969,360 [2] 1,969,360      
Stockholders' Deficit                      
Unrealized gain on marketable securities $ (68)                    
Net loss $ (26,902)                    
Ending balance, common stock (in shares) at Jun. 30, 2024 25,845,671         0 25,845,671        
Ending balance at Jun. 30, 2024 $ 192,921 [3]           $ 0   315,130 (122,147) (62)
Beginning balance, temporary equity (in shares) at Mar. 31, 2024     0 0 0 0          
Beginning balance, temporary equity at Mar. 31, 2024     $ 0 $ 0 $ 0 $ 0          
Ending balance, temporary equity (in shares) at Jun. 30, 2024     0 0 0 0          
Ending balance, temporary equity at Jun. 30, 2024 0   $ 0 $ 0 $ 0 $ 0          
Beginning balance at Mar. 31, 2024 198,167           $ 0   310,061 (111,893) (1)
Beginning balance, common stock (in shares) at Mar. 31, 2024             25,500,130        
Stockholders' Deficit                      
Exercise of stock options (in shares)             338,260        
Exercise of stock options 3,413               3,413    
Share-based compensation 1,597               1,597    
Unrealized gain on marketable securities (61)                   (61)
Net loss $ (10,254)                 (10,254)  
Ending balance, common stock (in shares) at Jun. 30, 2024 25,845,671         0 25,845,671        
Ending balance at Jun. 30, 2024 $ 192,921 [3]           $ 0   $ 315,130 $ (122,147) $ (62)
[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 3.