Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 43,483	$ 24,228
Marketable securities	83,239	128,233
Prepaid expenses and other current assets	6,029	1,420
Total current assets	132,751	153,881
Property and equipment, net	353	898
Operating lease, right-of-use ("ROU") asset	6,731	1,776
Other assets	568	320
Total assets	140,403	156,875
Current liabilities:
Accounts payable	2,249	4,090
Accrued expenses	6,287	2,514
Operating lease obligations, current portion	338	1,197
Total current liabilities	8,874	7,801
Operating lease obligations, net of current portion	6,296	536
Total liabilities	15,170	8,337
Commitments and Contingencies
Stockholders' equity:
Common stock, $0.0001 par value: 300,000 shares authorized; 137,820 shares issued and outstanding at December 31, 2024; 127,668 shares issued and outstanding at December 31, 2023	14	13
Additional paid-in-capital	489,692	463,796
Accumulated other comprehensive income	210	37
Accumulated deficit	(364,683)	(315,308)
Total stockholders' equity	125,233	148,538
Total liabilities and stockholders' equity	$ 140,403	$ 156,875

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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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
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).