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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 35,864 $ 58,279
Prepaid expenses and other current assets 8,821 10,053
Total current assets 44,685 68,332
Property and equipment, net 3,298 3,766
Operating lease right-of-use assets 6,086 6,852
Restricted cash 369 369
Other non-current assets 617 619
Total assets 55,055 79,938
Current liabilities:    
Accounts payable 7,707 12,932
Accrued expenses and other current liabilities 10,684 6,662
Operating lease liabilities, current 1,426 2,079
Total current liabilities 19,817 21,673
Operating lease liabilities, non-current 6,501 6,692
Total liabilities 26,318 28,365
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 0 shares issued and outstanding as of March 31, 2025 and December 31, 2024
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 37,572,250 and 36,310,713 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 4 4
Additional paid-in capital 445,246 438,820
Accumulated deficit (416,513) (387,251)
Total stockholders' equity 28,737 51,573
Total liabilities and stockholders' equity $ 55,055 $ 79,938