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CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED AND COMMON STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Series A Convertible Preferred Stock
Series A-1 Convertible Preferred Stock
Series B Convertible Preferred Stock
Class B Convertible Common Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance, temporary equity (in shares) at Dec. 31, 2023 [1]   21,977,282 2,950,548 28,019,181 2,744,184        
Beginning balance, temporary equity at Dec. 31, 2023 [1]   $ 44,621 $ 9,893 $ 82,976 $ 5,900        
Convertible Preferred and Common Stock                  
Conversion of convertible preferred stock and Class B convertible common stock to common stock as a result of the Merger and reset to par of $0.00001 (in shares)   (21,977,282) (2,950,548) 28,019,181 (2,744,184)        
Conversion of convertible preferred stock and Class B convertible common stock to common stock as a result of the Merger and reset to par of $0.00001 (in shares)   $ (44,621) $ (9,893) $ 82,976 $ (5,900)        
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, common stock (in shares) at Dec. 31, 2023 [1]           1,969,360      
Beginning balance at Dec. 31, 2023 [1] $ (92,712)         $ 10 $ 2,517 $ (95,245) $ 6
Stockholders' Deficit                  
Exercise of stock options and common warrants (in shares)           383,898      
Exercise of stock options and common warrants 430           430    
Unrealized loss on marketable securities (7)               (7)
Vesting of early exercised stock options (in shares)           6,150      
Vesting of early exercised stock options 10           10    
Conversion of convertible preferred stock and Class B convertible common stock to common stock as a result of the Merger and reset to par of $0.00001 (in shares)           11,260,672      
Conversion of convertible preferred stock and Class B convertible common stock to common stock as a result of the Merger and reset to par of $0.00001 143,390         $ (10) 143,400    
Issuance of common stock to Graphite stockholders as a result of the Merger (in shares)           8,320,485      
Issuance of common stock to Graphite stockholders as a result of the Merger 116,145           116,145    
Issuance of common stock from private placement, net (in shares)           3,559,565      
Issuance of common stock from private placement, net 49,840           49,840    
Reclassification of warrant liability to equity 1,918           1,918    
Merger transaction costs (5,146)           (5,146)    
Share-based compensation 947           947    
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 Mar. 20, 2024   21,977,282 2,950,548            
Stockholders' Deficit                  
Issuance of common stock to Graphite stockholders as a result of the Merger (in shares) 8,320,485                
Issuance of common stock from private placement, net (in shares) 8,670,653                
Merger transaction costs $ (5,200)                
Beginning balance, common stock (in shares) at Dec. 31, 2024 27,518,439         27,518,439      
Beginning balance at Dec. 31, 2024 $ 204,084         $ 1 348,901 (145,014) 196
Stockholders' Deficit                  
Exercise of stock options and common warrants (in shares)           11,630      
Exercise of stock options and common warrants 44           44    
Unrealized loss on marketable securities (73)               (73)
Vesting of early exercised stock options (in shares)           5,594      
Vesting of early exercised stock options 19           19    
Share-based compensation 2,555           2,555    
Net loss $ (14,619)             (14,619)  
Ending balance, common stock (in shares) at Mar. 31, 2025 27,535,663         27,535,663      
Ending balance at Mar. 31, 2025 $ 192,010         $ 1 $ 351,519 $ (159,633) $ 123
[1] Retroactively recast for the reverse recapitalization as described in Note 3.