v3.26.1
CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
2026 Private Placement
ATM Offerings
Common Stock
Common Stock
2026 Private Placement
Common Stock
ATM Offerings
Additional Paid-In Capital
Additional Paid-In Capital
2026 Private Placement
Additional Paid-In Capital
ATM Offerings
Accumulated Other Comprehensive Gain (Loss)
Accumulated Deficit
Beginning balances at Dec. 31, 2024 $ 81,849           $ 287,594     $ 31 $ (205,776)
Beginning balances, shares at Dec. 31, 2024       29,919,634              
Issuance of common stock under the ESPP 38           38        
Issuance of common stock under the ESPP, shares       42,797              
Issuance of common stock upon exercise of stock options 27           27        
Issuance of common stock upon exercise of stock options, shares       63,124              
Issuance of common stock upon release of restricted stock units, shares       115,962              
Stock-based compensation 2,047           2,047        
Unrealized gain (loss) on available-for-sale investments 17                 17  
Net loss (10,649)                   (10,649)
Ending balances at Mar. 31, 2025 73,329           289,706     48 (216,425)
Ending balances, shares at Mar. 31, 2025       30,141,517              
Beginning balances at Dec. 31, 2024 81,849           287,594     31 (205,776)
Beginning balances, shares at Dec. 31, 2024       29,919,634              
Net loss (17,100)                    
Ending balances at Jun. 30, 2025 68,842           291,704     25 (222,887)
Ending balances, shares at Jun. 30, 2025       27,376,461              
Beginning balances at Mar. 31, 2025 73,329           289,706     48 (216,425)
Beginning balances, shares at Mar. 31, 2025       30,141,517              
Issuance of common stock upon release of restricted stock units, shares       34,944              
Issuance of pre-funded warrants in exchange for common stock, shares       (2,800,000)              
Stock-based compensation 1,998           1,998        
Unrealized gain (loss) on available-for-sale investments (23)                 (23)  
Net loss (6,462)                   (6,462)
Ending balances at Jun. 30, 2025 68,842           291,704     25 (222,887)
Ending balances, shares at Jun. 30, 2025       27,376,461              
Beginning balances at Dec. 31, 2025 53,060           293,953     57 (240,950)
Beginning balances, shares at Dec. 31, 2025       27,413,171              
Issuance of common stock   $ 21,894           $ 21,894      
Issuance of common stock, shares         8,245,611            
Issuance of pre-funded warrants in the 2026 Private Placement, net of placement agent fees and other offering costs   15,372           15,372      
Issuance of common stock under the ESPP 39           39        
Issuance of common stock under the ESPP, shares       36,285              
Issuance of common stock upon exercise of stock options 24           24        
Issuance of common stock upon exercise of stock options, shares       8,119              
Issuance of common stock upon release of restricted stock units, shares       282,413              
Stock-based compensation 1,460           1,460        
Unrealized gain (loss) on available-for-sale investments (62)                 (62)  
Net loss (10,028)                   (10,028)
Ending balances at Mar. 31, 2026 81,759           332,742     (5) (250,978)
Ending balances, shares at Mar. 31, 2026       35,985,599              
Beginning balances at Dec. 31, 2025 $ 53,060           293,953     57 (240,950)
Beginning balances, shares at Dec. 31, 2025       27,413,171              
Issuance of common stock upon exercise of stock options, shares 32,566                    
Net loss $ (18,200)                    
Ending balances at Jun. 30, 2026 75,921           335,107     (23) (259,163)
Ending balances, shares at Jun. 30, 2026       36,308,669              
Beginning balances at Mar. 31, 2026 81,759           332,742     (5) (250,978)
Beginning balances, shares at Mar. 31, 2026       35,985,599              
Other offering costs of $0.1 million related to the 2026 Private Placement   $ (102)           $ (102)      
Issuance of common stock     $ 1,441           $ 1,441    
Issuance of common stock, shares           286,498          
Issuance of common stock upon exercise of stock options 54           54        
Issuance of common stock upon exercise of stock options, shares       24,447              
Issuance of common stock upon release of restricted stock units, shares       12,125              
Stock-based compensation 972           972        
Unrealized gain (loss) on available-for-sale investments (18)                 (18)  
Net loss (8,185)                   (8,185)
Ending balances at Jun. 30, 2026 $ 75,921           $ 335,107     $ (23) $ (259,163)
Ending balances, shares at Jun. 30, 2026       36,308,669