CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 94,851	$ 9,792
Prepaid expenses	1,771	1,640
Other current assets	64	252
Total current assets	96,686	11,684
Other assets	0	1
Total assets	96,686	11,685
Current liabilities
Accounts payable	3,157	2,073
Accrued liabilities	1,536	1,013
Note Payable	0	501
Total current liabilities	4,693	3,587
Total liabilities	4,693	3,587
Commitments and contingencies; see Note 6
Stockholders' equity
Preferred stock, undesignated, authorized 4,818,654 shares Series A Preferred stock, par value $0.0001, issued 5,181,346 shares; outstanding 210, as of December 31, 2024 and December 31, 2023, respectively	0	0
Common stock, par value $0.0001 per share; authorized 400,000,000 shares; issued and outstanding 3,420,906 as of December 31, 2024 and 298,281 as of December 31, 2023, respectively	0	0
Additional paid-in capital	406,848	305,351
Accumulated deficit	(314,855)	(297,253)
Total stockholders' equity	91,993	8,098
Total liabilities and stockholders' equity	$ 96,686	$ 11,685

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).