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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 97,132 $ 9,868
Marketable debt securities 130,682 0
Prepaid and other current assets 4,125 4,331
Total current assets 231,939 14,199
Marketable debt securities 47,473 0
Property and equipment, net 1,202 578
Operating lease right-of-use assets 982 83
Other assets 140 25
Total assets 281,736 14,885
Current liabilities:    
Accounts payable 2,970 2,274
Accrued expenses and other 1,885 836
Operating lease liabilities 481 94
Total current liabilities 5,336 3,204
Operating lease liabilities, net of current portion 543 0
Simple agreements for future equity 0 46,042
Right of first refusal liability 25,000 0
Total liabilities 30,879 49,246
Commitments and contingencies (Note 15)
Stockholders' equity (deficit):    
Class A common stock, $0.0001 par value - 500,000,000 shares authorized; 137,706,596 and 69,242,940 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 14 7
Additional paid-in capital 383,739 27,125
Accumulated deficit (135,109) (61,493)
Accumulated other comprehensive income 2,213 0
Total stockholders' equity (deficit) 250,857 (34,361)
Total liabilities and stockholders' equity $ 281,736 $ 14,885