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Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (55,496) $ (24,234)
Adjustments to reconcile net loss to net cash used by operations:    
Stock-based compensation 3,562 915
Accretion of discounts on available-for-sale marketable securities (2,535) (70)
Depreciation and amortization expense 1,012 807
Non-cash lease expense 1,187 822
Changes in assets and liabilities:    
Prepaid expense and other current assets 535 (899)
Other non-current assets (332) 136
Accounts payable 967 595
Accrued compensation (90) (275)
Other accrued expenses and current liabilities 2,621 263
Operating lease liability (1,131) (775)
Net cash used in operating activities (49,700) (22,715)
Cash flows from investing activities    
Purchases of available-for-sale marketable securities (225,229)  
Proceeds from maturities of available-for-sale marketable securities 36,000 13,683
Purchases of property and equipment (1,571) (31)
Net cash (used in) provided by investing activities (190,800) 13,652
Cash flows from financing activities    
Proceeds from issuance of common stock upon initial public offering, net of underwriting commissions 341,171  
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs   25,059
Proceeds from exercise of common stock options 137 60
Principal paid on finance lease liabilities (467) (357)
Payments for offering costs (3,361)  
Net cash provided by financing activities 337,480 24,762
Net increase in cash and cash equivalents and restricted cash 96,980 15,699
Cash, cash equivalents and restricted cash, at beginning of period 35,212 38,289
Cash, cash equivalents and restricted cash, at end of period 132,192 53,988
Reconciliation of cash, cash equivalents and restricted cash to statement of financial position    
Cash and cash equivalents 131,618 53,430
Restricted cash 574 558
Cash, cash equivalents and restricted cash at end of period 132,192 53,988
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  
Purchases of property and equipment in accounts payable 6 23
Vesting of restricted stock 6 35
Right-of-use asset obtained in exchange for operating and finance lease liability 2,518 744
Supplemental disclosure of cash flow information    
Cash paid for interest $ 82 $ 90