CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 73,849	$ 47,051
Short-term investments	21	62,976
Prepaid expenses and other current assets	6,791	1,859
Total current assets	80,661	111,886
Operating lease right-of-use asset	626	355
Other assets	173	4,940
Total assets	81,460	117,181
Current liabilities:
Accounts payable	2,086	2,072
Accrued liabilities	3,900	8,035
Operating lease liability, current portion	401	441
Total current liabilities	6,387	10,548
Operating lease liability, net of current portion	276	0
Total liabilities	6,663	10,548
Commitments and contingencies (Note 8)
Stockholders' equity
Preferred stock, $0.00001 par value; 10,000,000 shares authorized at June 30, 2026 and December 31, 2025; no shares issued and outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock, $0.00001 par value; 490,000,000 shares authorized at June 30, 2026 and December 31, 2025; 21,884,158 and 21,815,353 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	0	0
Additional paid-in capital	226,690	222,470
Accumulated other comprehensive income	0	81
Accumulated deficit	(151,893)	(115,918)
Total stockholders' equity	74,797	106,633
Total liabilities and stockholders' equity	$ 81,460	$ 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).