Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 49,629	$ 76,957
Short-term investments	148,831	0
Prepaid expenses and other current assets	4,643	3,632
Total current assets	203,103	80,589
Property and equipment, net	90	129
Other assets	2,550	2,061
Total assets	205,743	82,779
Current liabilities:
Accounts payable	14,010	9,989
Accrued liabilities	6,279	10,762
Total current liabilities	20,289	20,751
Other liabilities	1,660	1,037
Total liabilities	21,949	21,788
Commitments and contingencies (Note 6)
Stockholders' equity:
Common stock, $0.001 par value: 200,000,000 shares authorized as of June 30, 2026 (unaudited) and December 31, 2025; 20,482,400 and 12,948,308 shares issued and outstanding as of June 30, 2026 (unaudited) and December 31, 2025, respectively	21	13
Additional paid-in capital	452,667	284,348
Accumulated other comprehensive (loss) income	(54)	3
Accumulated deficit	(268,840)	(223,373)
Total stockholders’ equity	183,794	60,991
Total liabilities and stockholders' equity	$ 205,743	$ 82,779

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).