v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (16,795) $ (10,137)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 117 132
Amortization of intangible assets 166 167
Stock-based compensation 5,681 1,759
Changes in operating assets and liabilities:    
Inventory (30) 0
Prepaid expenses and other current assets (274) 7
Other receivables (7) (7)
Right-of-use assets 274 216
Other long-term assets (1) 0
Accounts payable 712 (124)
Accrued expenses (3,043) (1,546)
Lease liabilities (321) (247)
Net cash used in operating activities (13,521) (9,780)
Cash flows from investing activities:    
Purchases of property and equipment (45) (5)
Net cash used in investing activities (45) (5)
Cash flows from financing activities:    
Proceeds from issuance of common stock under employee stock purchase plan 352 296
Proceeds from exercises of warrants 14,075 0
Proceeds from exercises of stock options 380 9
Net cash provided by financing activities 14,807 305
Net increase (decrease) in cash and cash equivalents 1,241 (9,480)
Cash and cash equivalents at beginning of period 118,038 44,365
Cash and cash equivalents at end of period 119,279 34,885
Supplemental disclosure of noncash investing and financing activities:    
Equipment purchases included in accounts payable (26) 0
Warrant issuance costs in accounts payable $ 11 $ 0