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Common Stock (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Summary of Stock Option Activity | A summary of the stock option activity is presented below:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding as of January 1, 2024 |  |  | 8,141,035 |  |  | $ | 8.28 |  |  |  | 7.6 |  |  | $ | 117,384 |
Granted |  |  | 3,476,700 |  |  |  | 16.13 |  |  |  |  |  |  |
Exercised |  |  | (210,695 | ) |  |  | 6.79 |  |  |  |  |  |  | 2,889 |
Forfeited/Cancelled |  |  | (175,892 | ) |  |  | 15.04 |  |  |  |  |  |  |
Outstanding as of December 31, 2024 |  |  | 11,231,148 |  |  | $ | 10.63 |  |  |  | 7.4 |  |  | $ | 989 |
Options Exercisable at December 31, 2024 |  |  | 5,642,705 |  |  | $ | 7.92 |  |  |  | 6.1 |  |  | $ | 966 |
Summary of Assumptions Used to Estimate Fair Value of Stock Options | The fair value of each award is estimated using Black-Scholes based on the following assumptions:
|  | Year Ended December 31,
|  | 2024 |  | 2023
Risk-free interest rate |  | 3.43%—4.60% |  | 3.38%—4.68%
Expected term |  | 5.5 years—6.2 years |  | 5.5 years—6.1 years
Expected volatility |  | 106%—111% |  | 105%—107%
Expected dividend yield |  | 0% |  | 0%
Summary of Stock-Based Compensation | The Company has recorded stock-based compensation in the accompanying statements of operations as follows:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Research and development |  | $ | 10,163 |  |  | $ | 5,520 |
General and administrative |  |  | 9,302 |  |  |  | 5,823 |
Total |  | $ | 19,465 |  |  | $ | 11,343 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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