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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (50,795,000) $ (40,790,000)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 496,000 360,000
Net (accretion) and amortization of investments in marketable securities (528,000) (1,807,000)
Change in fair value of preferred stock tranche right liability   7,390,000
Non-cash lease expense 894,000 315,000
Stock-based compensation expense 8,429,000 3,845,000
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (5,144,000) (1,170,000)
Other assets (548,000) 51,000
Accounts payable 1,216,000 (1,040,000)
Accrued expenses and other current liabilities 784,000 (795,000)
Operating lease liabilities (111,000) (326,000)
Net cash used in operating activities (45,307,000) (33,967,000)
Cash flows from investing activities    
Purchases of short-term investments (56,093,000) (183,231,000)
Maturities of short-term investments 100,033,000 36,240,000
Purchases of property and equipment (313,000) (2,039,000)
Net cash provided by (used in) investing activities 43,627,000 (149,030,000)
Cash flows from financing activities    
Proceeds from initial public offering and concurrent private placement, net of underwriter discounts and commissions and deferred offering costs   159,099,000
Proceeds from issuance of Series B convertible preferred stock, net of issuance costs paid   63,913,000
Proceeds from exercise of stock options 6,000  
Repurchase of unvested restricted common stock (1,000)  
Payment of deferred offering costs (63,000)  
Net cash (used in) provided by financing activities (58,000) 223,012,000
Net (decrease) increase in cash, cash equivalents, and restricted cash (1,738,000) 40,015,000
Cash, cash equivalents, and restricted cash at beginning of period 56,910,000 70,254,000
Cash, cash equivalents, and restricted cash at end of period 55,172,000 110,269,000
Supplemental disclosure for noncash investing and financing activities:    
Settlement of Series B preferred stock tranche right liability   11,590,000
Right-of-use assets obtained in exchange for operating lease liabilities 10,499,000  
Deferred offering costs included in accounts payable and accrued expenses at period end 262,000 1,394,000
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 55,067,000 110,164,000
Restricted cash 105,000 105,000
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 55,172,000 110,269,000
Series A Convertible Preferred Stock    
Supplemental disclosure for noncash investing and financing activities:    
Conversion of convertible preferred stock into common stock upon closing of initial public offering   89,487,000
Series B Convertible Preferred Stock    
Supplemental disclosure for noncash investing and financing activities:    
Conversion of convertible preferred stock into common stock upon closing of initial public offering   $ 145,252,000