XML 29 R5.htm IDEA: XBRL DOCUMENT v3.25.1
Statements of Convertible Preferred Stock and Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Series A Convertible Preferred Stock
Series B Convertible Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Beginning Balance (in shares) at Dec. 31, 2022       3,181,829      
Beginning Balance at Dec. 31, 2022 $ (44,201)     $ 3 $ 6,552   $ (50,756)
Temporary Equity, Beginning Balance (in shares) at Dec. 31, 2022   75,000,000          
Temporary Equity, Beginning Balance at Dec. 31, 2022   $ 74,694          
Issuance of Series B Convertible Preferred Stock, issuance costs (in shares)     60,828,720        
Issuance of Series B Convertible Preferred Stock, issuance costs     $ 74,521        
Vesting of restricted common stock 27       27    
Repurchases of unvested restricted common stock (in shares)       (13,695)      
Stock-based compensation expense 1,620       1,620    
Net Income (Loss) 4,180           4,180
Ending Balance (in shares) at Dec. 31, 2023       3,168,134      
Ending Balance at Dec. 31, 2023 (38,374)     $ 3 8,199   (46,576)
Temporary Equity, Ending Balance (in shares) at Dec. 31, 2023   75,000,000 60,828,720        
Temporary Equity, Ending Balance at Dec. 31, 2023   $ 74,694 $ 74,521        
Issuance of Series B Convertible Preferred Stock, issuance costs (in shares)     60,828,732        
Issuance of Series B Convertible Preferred Stock, issuance costs     $ 74,942        
Issuance of common stock in connection with initial public offering, net of issuance costs (in shares)       18,400,000      
Issuance of common stock in connection with initial public offering, net of issuance costs 302,767     $ 18 302,749    
Temporary equity, Conversion of convertible preferred stock to common stock upon initial public offering (in shares)   (75,000,000) (121,657,452)        
Temporary equity, Conversion of convertible preferred stock to common stock upon initial public offering   $ (74,694) $ (149,463)        
Conversion of convertible preferred stock to common stock upon initial public offering (in shares)       22,839,774      
Conversion of convertible preferred stock to common stock upon initial public offering 224,157     $ 23 224,134    
Issuance of common stock upon exercise of stock options (in shares)       28,896      
Issuance of common stock upon exercise of stock options 66       66    
Vesting of restricted common stock 21       21    
Repurchases of unvested restricted common stock (in shares)       (14,299)      
Stock-based compensation expense 3,152       3,152    
Net unrealized gain on marketable securities 56         $ 56  
Net Income (Loss) (71,798)           (71,798)
Ending Balance (in shares) at Dec. 31, 2024       44,422,505      
Ending Balance at Dec. 31, 2024 $ 420,047     $ 44 $ 538,321 $ 56 $ (118,374)
Temporary Equity, Ending Balance (in shares) at Dec. 31, 2024 0 0 0        
Temporary Equity, Ending Balance at Dec. 31, 2024   $ 0 $ 0