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10-Q CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Current assets:      
Cash and cash equivalents $ 84,035 $ 35,140 $ 44,441
Marketable securities 112,077 30,654 0
Prepaid expenses and other current assets 3,124 1,450 2,200
Restricted cash 114 0  
Total current assets 199,350 67,244 46,641
Property and equipment, net 164 54 39
Operating lease right-of-use asset 1,727 318 240
Deferred offering costs 0 2,739 0
Other assets 1,398 21  
Total assets 202,639 70,376 46,951
Current liabilities:      
Accounts payable 4,406 5,711 4,755
Total accrued liabilities 4,177 12,803 4,744
Total current liabilities 8,583 18,514 9,499
Operating lease liability, net 1,052 192 147
Other noncurrent liabilities 83 121 66
Preferred stock warrants liability 0 871 994
Total liabilities 9,718 19,698 10,706
Commitments and contingencies (Note 6)
Convertible preferred and common stock:      
Total convertible preferred and common stock 0 143,390 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 0 [1] 10 [1],[2] 10 [2]
Additional paid-in capital 315,130 [1] 2,517 [1] 1,098
Accumulated deficit (122,147) [1] (95,245) [1] (25,277)
Accumulated other comprehensive income (62) [1] 6 [1] 0
Total stockholders’ deficit 192,921 [1] (92,712) [1],[3] (24,169) [3]
Total liabilities, convertible preferred and common stock and stockholders’ deficit 202,639 70,376 46,951
Series A Convertible Preferred Stock      
Convertible preferred and common stock:      
Total convertible preferred and common stock 0 44,621 [3],[4] 44,621 [3]
Series A-1 Convertible Preferred Stock      
Convertible preferred and common stock:      
Total convertible preferred and common stock 0 9,893 [3],[4] 9,893 [3]
Series B Convertible Preferred Stock      
Convertible preferred and common stock:      
Total convertible preferred and common stock 0 82,976 0
Class B convertible common stock      
Convertible preferred and common stock:      
Total convertible preferred and common stock $ 0 $ 5,900 [3],[4] $ 5,900 [3]
[1] Retroactively recast for the reverse recapitalization as described in Note 3.
[2] Retroactively recast for the reverse recapitalization as described in Note 1.
[3] Retroactively recast for the reverse recapitalization as described in Note 1.
[4] Retroactively recast for the reverse recapitalization as described in Note 3.