Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 26,701	$ 40,235
Short-term investments	81,307	145,193
Other receivables (including related party amounts of $61 and $0, respectively)	67	146
Prepaid expenses and other current assets	4,591	3,057
Total current assets	112,666	188,631
Restricted cash	461	258
Property and equipment, net	6,618	6,370
Operating lease right-of-use assets	10,525	13,794
Financing lease right-of-use asset	212	261
Other long-term assets	458	267
Total assets	130,940	209,581
Current liabilities:
Accounts payable (including related party amounts of $0 and $276, respectively)	355	1,121
Accrued expenses (including related party amounts of $0 and $713, respectively)	9,600	7,392
Current portion of operating lease liabilities	3,015	3,618
Current portion of financing lease liability	44	122
Other current liabilities	73
Total current liabilities	13,087	12,253
Operating lease liabilities, net of current portion	7,883	10,570
Financing lease liability, net of current portion		44
Other non-current liabilities		73
Total liabilities	20,970	22,940
Commitments and contingencies (Note 10)
Stockholders' equity:
Preferred stock, $0.0001 par value; 10,000,000 shares authorized at December 31, 2025 and December 31, 2024; zero shares issued and outstanding as of December 31, 2025 and December 31, 2024
Common stock, $0.0001 par value; 700,000,000 shares authorized at December 31, 2025 and December 31, 2024; 24,595,550 and 24,291,607 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	3	3
Additional paid-in capital	440,413	433,451
Accumulated other comprehensive income (loss)	103	(129)
Accumulated deficit	(330,549)	(246,684)
Total stockholders' equity	109,970	186,641
Total liabilities and stockholders' equity	$ 130,940	$ 209,581

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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Balance Type:	credit
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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).