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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 30,401 $ 40,235
Short-term investments 135,562 145,193
Other receivables (including related party amounts of $11 and $0, respectively) 234 146
Prepaid expenses and other current assets 3,807 3,057
Total current assets 170,004 188,631
Restricted cash 461 258
Property and equipment, net 7,057 6,370
Operating lease right-of-use assets 13,482 13,794
Financing lease right-of-use asset 246 261
Other long-term assets 13 267
Total assets 191,263 209,581
Current liabilities:    
Accounts payable (including related party amounts of $6 and $276, respectively) 2,036 1,121
Accrued expenses (including related party amounts of $82 and $713, respectively) 6,375 7,392
Current portion of operating lease liabilities 3,594 3,618
Current portion of financing lease liability 126 122
Other current liabilities 73  
Total current liabilities 12,204 12,253
Operating lease liabilities, net of current portion 10,265 10,570
Financing lease liability, net of current portion 11 44
Other non-current liabilities   73
Total liabilities 22,480 22,940
Commitments and contingencies (Note 10)
Stockholders' equity :    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized at March 31, 2025 and December 31, 2024; zero shares issued and outstanding as of March 31, 2025 and December 31, 2024
Common stock, $0.0001 par value; 700,000,000 shares authorized at March 31, 2025 and December 31, 2024; 24,363,119 and 24,291,607 shares issued and outstanding at March 31, 2025 and December 31, 2024 respectively 3 3
Additional paid-in capital 435,775 433,451
Accumulated other comprehensive loss   (129)
Accumulated deficit (266,995) (246,684)
Total stockholders' equity 168,783 186,641
Total liabilities and stockholders' equity $ 191,263 $ 209,581