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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional Paid-in Capital
Additional Paid-in Capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance (in shares) at Dec. 31, 2022       20,000,000 20,000,000              
Beginning balance at Dec. 31, 2022 $ 10,023 $ (220) $ 9,803 $ 2 $ 2 $ 0 $ 0 $ 11,928 $ (220) $ 11,708 $ (1,907) $ (1,907)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Other comprehensive income (loss) (46)                   (46)  
Net (loss) income 483             483        
Ending balance (in shares) at Jun. 30, 2023       20,000,000                
Ending balance at Jun. 30, 2023 10,240     $ 2   0   12,191     (1,953)  
Beginning balance (in shares) at Mar. 31, 2023       20,000,000                
Beginning balance at Mar. 31, 2023 10,705     $ 2   0   12,522     (1,819)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Other comprehensive income (loss) (134)                   (134)  
Net (loss) income (331)             (331)        
Ending balance (in shares) at Jun. 30, 2023       20,000,000                
Ending balance at Jun. 30, 2023 $ 10,240     $ 2   0   12,191     (1,953)  
Beginning balance (in shares) at Dec. 31, 2023 20,000,000     20,000,000                
Beginning balance at Dec. 31, 2023 $ 9,402     $ 2   0   11,392     (1,992)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock in connection with initial public offering, net of underwriting fees and commissions and net of deferred transaction costs of $3,298 (in shares)       6,000,000                
Issuance of common stock in connection with initial public offering, net of underwriting fees and commissions and net of deferred transaction costs of $3,298 102,722     $ 1   102,721            
Conversion of Micron Note into common stock (in shares)       294,217                
Conversion of Micron Note into common stock 5,589         5,589            
Stock-based compensation expense 21,527         21,527            
Other comprehensive income (loss) (384)                   (384)  
Net (loss) income $ (37,010)             (37,010)        
Ending balance (in shares) at Jun. 30, 2024 26,294,217     26,294,217                
Ending balance at Jun. 30, 2024 $ 101,846     $ 3   129,837   (25,618)     (2,376)  
Beginning balance (in shares) at Mar. 31, 2024       20,000,000                
Beginning balance at Mar. 31, 2024 10,595     $ 2   0   12,770     (2,177)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of common stock in connection with initial public offering, net of underwriting fees and commissions and net of deferred transaction costs of $3,298 (in shares)       6,000,000                
Issuance of common stock in connection with initial public offering, net of underwriting fees and commissions and net of deferred transaction costs of $3,298 102,722     $ 1   102,721            
Conversion of Micron Note into common stock (in shares)       294,217                
Conversion of Micron Note into common stock 5,589         5,589            
Stock-based compensation expense 21,527         21,527            
Other comprehensive income (loss) (199)                   (199)  
Net (loss) income $ (38,388)             (38,388)        
Ending balance (in shares) at Jun. 30, 2024 26,294,217     26,294,217                
Ending balance at Jun. 30, 2024 $ 101,846     $ 3   $ 129,837   $ (25,618)     $ (2,376)