CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 62,436	$ 47,051
Short-term investments	28,764	62,976
Prepaid expenses and other current assets	2,380	1,859
Total current assets	93,580	111,886
Operating lease right-of-use asset	269	355
Other assets	4,741	4,940
Total assets	98,590	117,181
Current liabilities:
Accounts payable	4,493	2,072
Accrued liabilities	6,775	8,035
Operating lease liability, current portion	336	441
Total current liabilities	11,604	10,548
Total liabilities	11,604	10,548
Commitments and contingencies (Note 8)
Stockholders' equity
Preferred stock, $0.00001 par value; 10,000,000 shares authorized at March 31, 2026 and December 31, 2025; no shares issued and outstanding at March 31, 2026 and December 31, 2025	0	0
Common stock, $0.00001 par value; 490,000,000 shares authorized at March 31, 2026 and December 31, 2025; 21,816,385 and 21,815,353 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	0	0
Additional paid-in capital	224,478	222,470
Accumulated other comprehensive income	14	81
Accumulated deficit	(137,506)	(115,918)
Total stockholders' equity	86,986	106,633
Total liabilities, convertible preferred stock and stockholders' equity	$ 98,590	$ 117,181

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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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- 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).