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Condensed Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 22,470 $ 21,943
Marketable securities 168,240 182,817
Prepaid expenses and other current assets 1,424 1,628
Total current assets 192,134 206,388
Property and equipment, net 891 989
Other long-term assets 4 3
Operating lease right-of-use assets 5,235 5,467
Total assets 198,264 212,847
Current liabilities:    
Accounts payable 3,645 1,811
Accrued expenses 3,849 6,711
Current portion of operating lease liabilities 1,455 1,452
Total current liabilities 8,949 9,974
Operating lease liabilities, net of current portion 4,547 4,807
Total liabilities 13,496 14,781
Commitments and contingencies (Note 8)
Stockholders' equity:    
Preferred stock, $0.001 par value; authorized shares—10,000,000 at March 31, 2025 and December 31, 2024; no shares issued or outstanding at March 31, 2025 and December 31, 2024. 0 0
Additional paid-in-capital 317,964 315,371
Accumulated deficit (133,392) (117,402)
Accumulated other comprehensive income 170 71
Total stockholders' equity 184,768 198,066
Total liabilities and stockholders' equity 198,264 212,847
Common Class A [Member]    
Stockholders' equity:    
Common stock 19 19
Common Class B [Member]    
Stockholders' equity:    
Common stock $ 7 $ 7