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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Summary of anti-dilutive securities excluded from calculation of earnings per share

The following table sets forth the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their inclusion would be anti-dilutive:

 

 

AS OF
JUNE 30, 2025

 

 

AS OF
JUNE 30, 2024

 

Convertible preferred stock

 

 

 

 

 

6,160,385

 

Unvested restricted stock units

 

 

1,447,252

 

 

 

22,514

 

Options to purchase common stock

 

 

2,349,983

 

 

 

1,803,867

 

SAFEs (1)

 

 

 

 

 

 

Total

 

 

3,797,235

 

 

 

7,986,766

 

 

(1) The contingently convertible SAFEs were not included for purposes of calculating the number of diluted shares outstanding as of June 30, 2024, as the number of dilutive shares was based on a conversion ratio associated with the pricing of a future financing or liquidation event. Therefore, the contingently convertible SAFEs’ conversion ratio, and the resulting number of dilutive shares, was not determinable until the contingency was resolved. In connection with the closing of the IPO, the Company’s outstanding convertible SAFE shares automatically converted into 2,391,418 shares of common stock.