Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 186,629	$ 15,483
Prepaid expenses and other current assets	2,130	7,386
Total current assets	188,759	22,869
Property and equipment, net	566	608
Right-of-use assets, net	417	575
Total assets	189,742	24,052
Current liabilities:
Accounts payable	11,011	10,138
Accrued expenses	22,432	18,645
Other current liabilities	4,920	1,835
Total current liabilities	38,363	30,618
Long-term liabilities
Operating lease liabilities	146	107
Total long-term liabilities	146	107
Total liabilities	38,509	30,725
Commitments and contingencies (Note 9)
Stockholders’ equity (deficit):
Preferred stock, $0.0001 par value; 20,000,000 authorized and no shares issued or outstanding as of March 31, 2026 and December 31, 2025	0	0
Common stock, $0.0001 par value; 500,000,000 shares authorized as of March 31, 2026 and December 31, 2025 and 13,621,483 and 12,038,263 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively.	11	9
Additional paid-in capital	789,324	599,241
Accumulated other comprehensive income	3,057	2,648
Accumulated deficit	(641,159)	(608,571)
Total stockholders’ equity (deficit)	151,233	(6,673)
Total liabilities and stockholders’ equity (deficit)	$ 189,742	$ 24,052

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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Namespace Prefix:	us-gaap_
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).