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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 56,224 $ 58,279
Prepaid expenses and other current assets 8,439 10,053
Total current assets 64,663 68,332
Property and equipment, net 2,831 3,766
Operating lease right-of-use assets 5,296 6,852
Restricted cash 369 369
Other non-current assets 4 619
Total assets 73,163 79,938
Current liabilities:    
Accounts payable 8,378 12,932
Accrued expenses and other current liabilities 8,435 6,662
Operating lease liabilities, current 755 2,079
Total current liabilities 17,568 21,673
Operating lease liabilities, non-current 6,299 6,692
Warrant liability, non-current 21,786  
Total liabilities 45,653 28,365
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024
Common stock, $0.0001 par value; 300,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 58,127,256 and 36,310,713 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 6 4
Additional paid-in capital 464,757 438,820
Accumulated deficit (437,253) (387,251)
Total stockholders' equity 27,510 51,573
Total liabilities and stockholders' equity $ 73,163 $ 79,938