XML 10 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating expenses        
Research and development [1] $ 15,543 $ 7,580 $ 43,736 $ 16,200
General and administrative [2] 6,097 1,984 15,798 5,185
Total operating expenses 21,640 9,564 59,534 21,385
Loss from operations (21,640) (9,564) (59,534) (21,385)
Other income (expense):        
Interest income 4,103 856 8,597 1,152
Change in fair value of preferred stock tranche right liability     (7,390) (1,030)
Total other income, net 4,103 856 1,207 122
Net loss before income taxes (17,537) (8,708) (58,327) (21,263)
Provision for income taxes   1   4
Net loss $ (17,537) $ (8,709) $ (58,327) $ (21,267)
Net loss per share attributable to common stockholders, basic $ (0.5) $ (5.7) $ (3.66) $ (14.72)
Net loss per share attributable to common stockholders, diluted $ (0.5) $ (5.7) $ (3.66) $ (14.72)
Weighted-average common shares outstanding, basic 34,855,907 1,529,216 15,925,777 1,444,666
Weighted-average common shares outstanding, diluted 34,855,907 1,529,216 15,925,777 1,444,666
Comprehensive loss:        
Net loss $ (17,537) $ (8,709) $ (58,327) $ (21,267)
Change in unrealized gains (losses) on investments, net of tax 583   396  
Total other comprehensive income (loss) 583   396  
Comprehensive loss $ (16,954) $ (8,709) $ (57,931) $ (21,267)
[1] Includes related party amounts of zero for each of the three months ended September 30, 2024 and 2023, and less than $0.1 million and $0.5 million for the nine months ended September 30, 2024 and 2023, respectively (see Note 10).
[2] Includes related party amounts of zero and $0.2 million for the three months ended September 30, 2024 and 2023, respectively and $0.1 million and $0.7 million for the nine months ended September 30, 2024 and 2023, respectively (see Note 10).