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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (26,693) $ (11,143)
Adjustments to reconcile net loss to net cash used by operations:    
Stock-based compensation 2,278 468
Accretion of discounts on available-for-sale marketable securities (280) (78)
Depreciation and amortization expense 482 394
Non-cash lease expense 526 384
Changes in assets and liabilities:    
Prepaid expense and other current assets (2,573) (161)
Other non-current assets (293) (435)
Accounts payable 3,068 105
Accrued compensation (1,449) (777)
Other accrued expenses and current liabilities (71) 126
Operating lease liability (520) (341)
Net cash used in operating activities (25,525) (11,458)
Cash flows from investing activities    
Purchases of available-for-sale marketable securities (145,336)  
Proceeds from maturities of available-for-sale marketable securities 23,000 13,683
Purchases of property and equipment (543) (28)
Net cash provided by (used in) investing activities (122,879) 13,655
Cash flows from financing activities    
Proceeds from issuance of common stock upon initial public offering, net of underwriting commissions 341,171  
Proceeds from exercise of common stock options 64 24
Principal paid on finance lease liabilities (231) (168)
Payments for offering costs (2,955)  
Net cash provided by (used in) financing activities 338,049 (144)
Net increase in cash and cash equivalents and restricted cash 189,645 2,053
Cash, cash equivalents and restricted cash, at beginning of period 35,212 38,289
Cash, cash equivalents and restricted cash, at end of period 224,857 40,342
Reconciliation of cash, cash equivalents and restricted cash to statement of financial position    
Cash and cash equivalents 224,287 39,786
Restricted cash 570 556
Cash, cash equivalents and restricted cash at end of period 224,857 40,342
Supplemental disclosure for non-cash investing and financing activities    
Conversion of 114,556,997 shares of redeemable convertible preferred stock to common stock upon the closing of initial public offering 180,574  
Unpaid deferred offering costs included in accounts payable and other accrued expenses and current liabilities 406  
Purchases of property and equipment in accounts payable 89  
Vesting of restricted stock 6 18
Right-of-use asset obtained in exchange for operating and finance lease liability 2,518 357
Supplemental disclosure of cash flow information    
Cash paid for interest $ 44 $ 44