Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 35,668	$ 46,674
Prepaid expenses and other current assets	3,664	5,860
Total current assets	39,332	52,534
Property and equipment, net	545	466
Right of use asset, net	991	1,299
Total assets	40,868	54,299
Current liabilities:
Accounts payable	7,846	5,099
Accrued expenses	12,913	18,664
Other current liabilities	1,416	966
Total current liabilities	22,175	24,729
Long-term liabilities:
Operating lease liabilities	264	639
Total long-term liabilities	264	639
Total liabilities	22,439	25,368
Commitments and contingencies (note 9)
Stockholders’ equity:
Preferred stock, $0.0001 par value; 20,000,000 authorized and no shares issued or outstanding at December 31, 2024 and 2023	0	0
Common stock, $0.0001 par value; 500,000,000 and 130,000,000 shares authorized as of December 31, 2024 and December 31, 2023, respectively, and 90,150,869 and 45,177,730 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively.	8	4
Additional paid-in capital	525,611	436,060
Accumulated other comprehensive income	4,209	3,759
Accumulated deficit	(511,399)	(410,892)
Total stockholders’ equity	18,429	28,931
Total liabilities and stockholders’ equity	$ 40,868	$ 54,299

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).