Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 35,132	$ 35,668
Other current assets and prepaid expenses	4,141	3,664
Total current assets	39,273	39,332
Property and equipment, net	640	545
Right-of-use assets, net	791	991
Total assets	40,704	40,868
Current liabilities:
Accounts payable	7,918	7,846
Accrued expenses	19,454	12,913
Other current liabilities	2,707	1,416
Total current liabilities	30,079	22,175
Long-term liabilities
Operating lease liabilities	126	264
Total long-term liabilities	126	264
Total liabilities	30,205	22,439
Commitments and contingencies (Note 9)
Stockholders’ equity:
Preferred stock, $0.0001 par value; 20,000,000 authorized and no shares issued or outstanding as of September 30, 2025 and December 31, 2024	0	0
Common stock, $0.0001 par value; 500,000,000 shares authorized as of September 30, 2025 and December 31, 2024, and 98,650,590 and 90,150,869 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	9	8
Additional paid-in capital	597,179	525,611
Accumulated other comprehensive income	2,582	4,209
Accumulated deficit	(589,271)	(511,399)
Total stockholders’ equity	10,499	18,429
Total liabilities and stockholders’ equity	$ 40,704	$ 40,868

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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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).