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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 40,591 $ 26,091
Short-term investments 183,996 64,750
Prepaid expenses and other current assets 3,635 2,248
Total current assets 228,222 93,089
Property and equipment, net 1,078 1,031
Operating right-of-use assets 90 262
Other non-current assets 38 3,463
Total assets 229,428 97,845
Current liabilities:    
Accounts payable 5,699 6,009
Accrued expenses and other current liabilities 9,241 6,741
Operating lease liabilities, current portion 73 260
Total current liabilities 15,013 13,010
Total liabilities 15,013 13,010
Commitments and contingencies (Note 5)
Redeemable convertible preferred shares   199,975
Shareholders' equity (deficit):    
Undesignated shares - $0.0001 par value; 100,000 and 0 shares authorized as of June 30, 2023 and December 31, 2022, respectively
Additional paid-in capital 373,001 1,921
Accumulated other comprehensive loss (390) (110)
Accumulated deficit (158,207) (116,952)
Total shareholders' equity (deficit) 214,415 (115,140)
Total liabilities, redeemable convertible preferred shares and shareholders' equity (deficit) 229,428 97,845
Series A redeemable convertible preferred shares    
Current liabilities:    
Redeemable convertible preferred shares   32,001
Series A+ redeemable convertible preferred shares    
Current liabilities:    
Redeemable convertible preferred shares   26,000
Series B redeemable convertible preferred stock    
Current liabilities:    
Redeemable convertible preferred shares   133,015
Series B1 redeemable convertible preferred stock    
Current liabilities:    
Redeemable convertible preferred shares   8,959
Non-voting ordinary shares    
Shareholders' equity (deficit):    
Ordinary shares 1  
Ordinary shares    
Shareholders' equity (deficit):    
Ordinary shares $ 10 $ 1