CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) AND CONVERTIBLE PREFERRED STOCK - USD ($)
$ in Thousands |
Total |
Common Stock |
Additional Paid-in Capital |
Accumulated Deficit |
Accumulated Other Comprehensive Income (Loss) |
Series A Convertible Preferred Stock |
Series B Convertible Preferred Stock |
| Beginning Balance at Dec. 31, 2023 |
|
|
|
|
|
$ 36,501
|
$ 115,856
|
| Beginning Balance, Shares at Dec. 31, 2023 |
|
|
|
|
|
53,598,587
|
129,240,032
|
| Beginning Balance at Dec. 31, 2023 |
$ (72,468)
|
$ 1
|
$ 3,054
|
$ (75,583)
|
$ 60
|
|
|
| Beginning Balance, Shares at Dec. 31, 2023 |
|
1,257,080
|
|
|
|
|
|
| Issuance of common stock upon exercise of stock options |
198
|
|
198
|
|
|
|
|
| Issuance of common stock upon exercise of stock options, Shares |
|
35,918
|
|
|
|
|
|
| Stock-based compensation expense |
1,623
|
|
1,623
|
|
|
|
|
| Net loss |
(12,337)
|
|
|
(12,337)
|
|
|
|
| Other comprehensive income (loss) |
(63)
|
|
|
|
(63)
|
|
|
| Ending Balance at Mar. 31, 2024 |
|
|
|
|
|
$ 36,501
|
$ 115,856
|
| Ending Balance, Shares at Mar. 31, 2024 |
|
|
|
|
|
53,598,587
|
129,240,032
|
| Ending Balance at Mar. 31, 2024 |
(83,047)
|
$ 1
|
4,875
|
(87,920)
|
(3)
|
|
|
| Ending Balance, Shares at Mar. 31, 2024 |
|
1,292,998
|
|
|
|
|
|
| Beginning Balance at Dec. 31, 2023 |
|
|
|
|
|
$ 36,501
|
$ 115,856
|
| Beginning Balance, Shares at Dec. 31, 2023 |
|
|
|
|
|
53,598,587
|
129,240,032
|
| Beginning Balance at Dec. 31, 2023 |
(72,468)
|
$ 1
|
3,054
|
(75,583)
|
60
|
|
|
| Beginning Balance, Shares at Dec. 31, 2023 |
|
1,257,080
|
|
|
|
|
|
| Net loss |
(28,194)
|
|
|
|
|
|
|
| Other comprehensive income (loss) |
(75)
|
|
|
|
|
|
|
| Ending Balance at Jun. 30, 2024 |
|
|
|
|
|
$ 36,501
|
$ 115,856
|
| Ending Balance, Shares at Jun. 30, 2024 |
|
|
|
|
|
53,598,587
|
129,240,032
|
| Ending Balance at Jun. 30, 2024 |
(97,885)
|
$ 2
|
5,905
|
(103,777)
|
(15)
|
|
|
| Ending Balance, Shares at Jun. 30, 2024 |
|
1,317,099
|
|
|
|
|
|
| Beginning Balance at Dec. 31, 2023 |
|
|
|
|
|
$ 36,501
|
$ 115,856
|
| Beginning Balance, Shares at Dec. 31, 2023 |
|
|
|
|
|
53,598,587
|
129,240,032
|
| Beginning Balance at Dec. 31, 2023 |
(72,468)
|
$ 1
|
3,054
|
(75,583)
|
60
|
|
|
| Beginning Balance, Shares at Dec. 31, 2023 |
|
1,257,080
|
|
|
|
|
|
| Net loss |
(61,900)
|
|
|
|
|
|
|
| Ending Balance at Dec. 31, 2024 |
257,442
|
$ 5
|
394,887
|
(137,505)
|
55
|
|
|
| Ending Balance, Shares at Dec. 31, 2024 |
|
33,421,525
|
|
|
|
|
|
| Beginning Balance at Mar. 31, 2024 |
|
|
|
|
|
$ 36,501
|
$ 115,856
|
| Beginning Balance, Shares at Mar. 31, 2024 |
|
|
|
|
|
53,598,587
|
129,240,032
|
| Beginning Balance at Mar. 31, 2024 |
(83,047)
|
$ 1
|
4,875
|
(87,920)
|
(3)
|
|
|
| Beginning Balance, Shares at Mar. 31, 2024 |
|
1,292,998
|
|
|
|
|
|
| Issuance of common stock upon exercise of stock options |
112
|
$ 1
|
111
|
|
|
|
|
| Issuance of common stock upon exercise of stock options, Shares |
|
24,101
|
|
|
|
|
|
| Stock-based compensation expense |
919
|
|
919
|
|
|
|
|
| Net loss |
(15,857)
|
|
|
(15,857)
|
|
|
|
| Other comprehensive income (loss) |
(12)
|
|
|
|
(12)
|
|
|
| Ending Balance at Jun. 30, 2024 |
|
|
|
|
|
$ 36,501
|
$ 115,856
|
| Ending Balance, Shares at Jun. 30, 2024 |
|
|
|
|
|
53,598,587
|
129,240,032
|
| Ending Balance at Jun. 30, 2024 |
(97,885)
|
$ 2
|
5,905
|
(103,777)
|
(15)
|
|
|
| Ending Balance, Shares at Jun. 30, 2024 |
|
1,317,099
|
|
|
|
|
|
| Beginning Balance at Dec. 31, 2024 |
257,442
|
$ 5
|
394,887
|
(137,505)
|
55
|
|
|
| Beginning Balance, Shares at Dec. 31, 2024 |
|
33,421,525
|
|
|
|
|
|
| Issuance of common stock upon exercise of stock options |
4
|
|
4
|
|
|
|
|
| Issuance of common stock upon exercise of stock options, Shares |
|
3,019
|
|
|
|
|
|
| Repurchase of restricted stock due to early exercised unvested stock options, Shares |
|
(173)
|
|
|
|
|
|
| Repurchase of restricted stock due to early exercised unvested stock options |
19
|
|
19
|
|
|
|
|
| Stock-based compensation expense |
1,839
|
|
1,839
|
|
|
|
|
| Net loss |
(23,880)
|
|
|
(23,880)
|
|
|
|
| Other comprehensive income (loss) |
(2)
|
|
|
|
(2)
|
|
|
| Ending Balance at Mar. 31, 2025 |
235,422
|
$ 5
|
396,749
|
(161,385)
|
53
|
|
|
| Ending Balance, Shares at Mar. 31, 2025 |
|
33,424,371
|
|
|
|
|
|
| Beginning Balance at Dec. 31, 2024 |
$ 257,442
|
$ 5
|
394,887
|
(137,505)
|
55
|
|
|
| Beginning Balance, Shares at Dec. 31, 2024 |
|
33,421,525
|
|
|
|
|
|
| Issuance of common stock upon exercise of stock options, Shares |
170,874
|
|
|
|
|
|
|
| Net loss |
$ (43,291)
|
|
|
|
|
|
|
| Other comprehensive income (loss) |
$ (44)
|
|
|
|
|
|
|
| Ending Balance, Shares at Jun. 30, 2025 |
0
|
|
|
|
|
|
|
| Ending Balance at Jun. 30, 2025 |
$ 219,239
|
$ 5
|
400,019
|
(180,796)
|
11
|
|
|
| Ending Balance, Shares at Jun. 30, 2025 |
|
33,592,226
|
|
|
|
|
|
| Beginning Balance at Mar. 31, 2025 |
235,422
|
$ 5
|
396,749
|
(161,385)
|
53
|
|
|
| Beginning Balance, Shares at Mar. 31, 2025 |
|
33,424,371
|
|
|
|
|
|
| Issuance of common stock upon exercise of stock options |
1,333
|
|
1,333
|
|
|
|
|
| Issuance of common stock upon exercise of stock options, Shares |
|
167,855
|
|
|
|
|
|
| Stock-based compensation expense |
1,937
|
|
1,937
|
|
|
|
|
| Net loss |
(19,411)
|
|
|
(19,411)
|
|
|
|
| Other comprehensive income (loss) |
$ (42)
|
|
|
|
(42)
|
|
|
| Ending Balance, Shares at Jun. 30, 2025 |
0
|
|
|
|
|
|
|
| Ending Balance at Jun. 30, 2025 |
$ 219,239
|
$ 5
|
$ 400,019
|
$ (180,796)
|
$ 11
|
|
|
| Ending Balance, Shares at Jun. 30, 2025 |
|
33,592,226
|
|
|
|
|
|