v3.25.2
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Related Party [Member]
Private Placement [Member]
Common Stock [Member]
Common Stock [Member]
Related Party [Member]
Common Stock [Member]
Private Placement [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Related Party [Member]
Additional Paid-in Capital [Member]
Private Placement [Member]
Accumulated Other Comprehensive Loss [Member]
Accumulated Deficit [Member]
Beginning balance at Dec. 31, 2023 $ 107,599     $ 3     $ 263,577     $ (2) $ (155,979)
Beginning balance, shares at Dec. 31, 2023       27,626,435              
Vesting of restricted stock units       24,579              
Issuance of common stock upon exercise of stock options 15           15        
Issuance of common stock upon exercise of stock options, shares       10,999              
Stock-based compensation 465           465        
Unrealized gain on marketable securities 2                 2  
Net Income (Loss) (1,697)                   (1,697)
Ending balance at Mar. 31, 2024 106,384     $ 3     264,057     0 (157,676)
Ending balance, shares at Mar. 31, 2024       27,662,013              
Beginning balance at Dec. 31, 2023 107,599     $ 3     263,577     (2) (155,979)
Beginning balance, shares at Dec. 31, 2023       27,626,435              
Unrealized gain on marketable securities 2                    
Net Income (Loss) (56,586)                    
Ending balance at Jun. 30, 2024 222,277     $ 7     434,835     0 (212,565)
Ending balance, shares at Jun. 30, 2024       66,741,299              
Beginning balance at Mar. 31, 2024 106,384     $ 3     264,057     0 (157,676)
Beginning balance, shares at Mar. 31, 2024       27,662,013              
Vesting of restricted stock units       32,453              
Issuance of common stock upon exercise of stock options 8,652           8,652        
Issuance of common stock upon exercise of stock options, shares       2,248,504              
Proceeds from issuance of common stock in initial public offering, Shares         5,560,047 31,238,282          
Issuance of common stock, value   $ 41,868 $ 119,750   $ 1 $ 3   $ 41,867 $ 119,747    
Stock-based compensation 512           512        
Unrealized gain on marketable securities 0                    
Net Income (Loss) (54,889)                   (54,889)
Ending balance at Jun. 30, 2024 222,277     $ 7     434,835     0 (212,565)
Ending balance, shares at Jun. 30, 2024       66,741,299              
Beginning balance at Dec. 31, 2024 211,881     $ 7     441,727     23 (229,876)
Beginning balance, shares at Dec. 31, 2024       67,255,434              
Vesting of restricted stock units       320,333              
Stock-based compensation 2,022           2,022        
Unrealized gain on marketable securities 263                 263  
Net Income (Loss) (20,781)                   (20,781)
Ending balance at Mar. 31, 2025 193,385     $ 7     443,749     286 (250,657)
Ending balance, shares at Mar. 31, 2025       67,575,767              
Beginning balance at Dec. 31, 2024 211,881     $ 7     441,727     23 (229,876)
Beginning balance, shares at Dec. 31, 2024       67,255,434              
Unrealized gain on marketable securities 295                    
Net Income (Loss) (29,447)                    
Ending balance at Jun. 30, 2025 185,764     $ 7     444,762     318 (259,323)
Ending balance, shares at Jun. 30, 2025       67,764,100              
Beginning balance at Mar. 31, 2025 193,385     $ 7     443,749     286 (250,657)
Beginning balance, shares at Mar. 31, 2025       67,575,767              
Vesting of restricted stock units       188,333              
Stock-based compensation 1,013           1,013        
Unrealized gain on marketable securities 32                 32  
Net Income (Loss) (8,666)                   (8,666)
Ending balance at Jun. 30, 2025 $ 185,764     $ 7     $ 444,762     $ 318 $ (259,323)
Ending balance, shares at Jun. 30, 2025       67,764,100