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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 14,304 $ 35,668
Prepaid expenses and other current assets 4,671 3,664
Total current assets 18,975 39,332
Property and equipment, net 572 545
Right-of-use assets, net 968 991
Total assets 20,515 40,868
Current liabilities:    
Accounts payable 6,011 7,846
Accrued expenses 18,289 12,913
Other current liabilities 1,292 1,416
Total current liabilities 25,592 22,175
Long-term liabilities    
Operating lease liabilities 210 264
Total long-term liabilities 210 264
Total liabilities 25,802 22,439
Commitments and contingencies (Note 9)
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value; 20,000,000 authorized and no shares issued or outstanding as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized and 90,150,869 shares issued and outstanding as of March 31, 2025 and December 31, 2024. 8 8
Additional paid-in capital 527,653 525,611
Accumulated other comprehensive income 3,924 4,209
Accumulated deficit (536,872) (511,399)
Total stockholders’ equity (deficit) (5,287) 18,429
Total liabilities and stockholders’ equity (deficit) $ 20,515 $ 40,868