v3.25.4
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 35,021 $ 75,840
Short-term marketable securities 78,103 75,410
Prepaid expenses and other current assets 3,280 1,524
Total current assets 116,404 152,774
Long-term marketable securities 0 7,408
Operating lease right-of-use assets 78 77
Total assets 116,482 160,259
Current liabilities:    
Accounts payable 1,309 1,425
Accrued expenses and other current liabilities 3,714 2,951
Operating lease liabilities 78 78
Total current liabilities 5,101 4,454
Commitments and contingencies
Stockholders' equity:    
Undesignated preferred stock, $0.0001 per share: 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2025 and December 31, 2024 0 0
Additional paid-in capital 457,607 450,883
Accumulated deficit (346,349) (295,311)
Accumulated other comprehensive income 120 230
Total stockholders' equity 111,381 155,805
Total liabilities and stockholders' equity 116,482 160,259
Series A Common Stock    
Stockholders' equity:    
Common stock 3 3
Series B Common Stock    
Stockholders' equity:    
Common stock $ 0 $ 0