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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 405,732 $ 1,872
Prepaid expenses and other current assets 3,745 2,055
Total current assets 409,477 3,927
Operating lease right-of-use assets 28,222 2,165
Restricted cash 567  
Property and equipment, net 10,379 3,368
Other non-current assets 4,391 783
Total assets 453,036 10,243
Current liabilities:    
Accounts payable 5,013 3,483
Accrued clinical and research and development expenses 7,242 1,646
Accrued expenses and other current liabilities 6,629 3,391
Operating lease liabilities, current 2,278 1,006
Convertible notes-related party   11,635
Convertible notes   9,619
Derivative liabilities   12,705
Financial commitment liabilities-related party   412
Financial commitment liabilities   240
Total current liabilities 21,162 44,137
Operating lease liabilities, non-current 26,263 1,092
Other non-current liabilities 225 250
Total liabilities 47,650 45,479
Commitments and contingencies (Note 13)
Stockholders' equity (deficit):    
Convertible preferred stock, $0.001 par value; 11,000,000 shares authorized and 810,700 issued and outstanding at December 31, 2022 (aggregate liquidation preference of $11,000 at December 31, 2022)   1
Common stock, $0.001 par value; 500,000,000 and 29,000,000 shares authorized at December 31, 2023 and 2022, respectively; 41,205,551 and 1,091,800 shares issued and outstanding at December 31, 2023 and 2022, respectively 41 1
Additional paid-in capital 550,491 11,761
Accumulated deficit (145,146) (46,999)
Total stockholders' equity (deficit) 405,386 (35,236)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) $ 453,036 $ 10,243