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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 58,279 $ 176,866
Prepaid expenses and other current assets 10,053 2,315
Total current assets 68,332 179,181
Property and equipment, net 3,766 5,159
Restricted cash 369 370
Other assets 619 5,503
Operating lease right-of-use assets 6,852 9,714
Total assets 79,938 199,927
Current liabilities:    
Accounts payable 12,932 6,851
Accrued expenses and other current liabilities 6,662 13,543
Operating lease liabilities, current 2,079 2,466
Total current liabilities 21,673 22,860
Operating lease liabilities, non-current 6,692 7,830
Total liabilities 28,365 30,690
Commitments and contingencies (Note 8)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023
Common stock, $0.0001 par value; 300,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 36,310,713 and 35,866,610 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 4 4
Additional paid-in capital 438,820 418,058
Accumulated deficit (387,251) (248,825)
Total stockholders' equity 51,573 169,237
Total liabilities and stockholders' equity $ 79,938 $ 199,927