Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 22,687	$ 16,373
Short-term investments	115,542	28,417
Prepaid expenses and other current assets	5,228	5,937
Total current assets	143,457	50,727
Property and equipment, net	166	1,200
Long-term investments	15,147	3,494
Other assets	2,050	3,625
Total assets	160,820	59,046
Current liabilities:
Accounts payable	3,022	4,914
Term loan, current	0	5,217
Accrued expenses and other current liabilities	11,754	14,422
Total current liabilities	14,776	24,553
Term loan, non-current	9,705	4,532
Other non-current liabilities	152	3,980
Total liabilities	24,633	33,065
Commitments and contingencies (Note 11)
Stockholders’ equity
Common stock, $0.001 par value; 1,000,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 138,216,247 and 54,388,022 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	138	54
Additional paid-in capital	894,988	748,716
Accumulated other comprehensive income	(224)	28
Accumulated deficit	(758,715)	(722,817)
Total stockholders’ equity	136,187	25,981
Total liabilities and stockholders’ equity	$ 160,820	$ 59,046

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).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount of expenses incurred but not yet paid nor invoiced, and liabilities classified as other.

+ References

No definition available.