v3.25.2
Capital Structure
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Capital Structure

Note 6. Capital Structure

Upon the closing of the IPO, all of the Company’s outstanding shares of redeemable convertible preferred stock automatically converted into 20,854,632 shares of common stock.

There are 500,000,000 shares of common stock and 10,000,000 shares of preferred stock authorized as of June 30, 2025 and December 31, 2024. As of June 30, 2025 and December 31, 2024, there were no preferred shares issued and outstanding. The Company had 35,850,037 shares of common stock issued and outstanding as of June 30, 2025 and December 31, 2024. Common stock reserved for future issuance, on an as-if-converted basis, as of June 30, 2025 and December 31, 2024, consisted of the following:

 

 

June 30,
2025

 

 

December 31,
2024

 

Stock options, issued and outstanding

 

 

8,047,827

 

 

 

5,384,142

 

Stock options, authorized for future issuance

 

 

2,131,869

 

 

 

3,039,972

 

Warrants, issued and outstanding

 

 

31,690

 

 

 

31,690

 

Total common stock reserved for future issuance

 

 

10,211,386

 

 

 

8,455,804