BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 21,351	$ 15,647
Short-term investments	62,267	91,648
Prepaid expenses and other current assets	2,644	3,212
Total current assets	86,262	110,507
Long-term investments	5,021	27,194
Other assets, long-term	804	1,043
Total assets	92,087	138,744
Current liabilities:
Accounts payable	3,317	2,676
Accrued compensation	1,676	4,018
Accrued liabilities	4,454	6,681
Other current liabilities	791	666
Options subject to repurchase, short-term		2
Total liabilities	10,238	14,043
Commitments and contingencies (Note 7)
Stockholders' equity:
Preferred stock, $0.00001 par value; 10,000,000 shares authorized at December 31, 2024 and December 31, 2023, respectively; no shares issued and outstanding at December 31, 2024 and December 31, 2023
Common stock, $0.00001 par value; 500,000,000 shares authorized at December 31, 2024 and December 31, 2023; 29,919,634 and 29,741,445 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively
Additional paid-in capital	287,594	278,881
Accumulated other comprehensive gain	31	275
Accumulated deficit	(205,776)	(154,455)
Total stockholders' equity	81,849	124,701
Total liabilities and stockholders' equity	$ 92,087	$ 138,744