v3.25.1

Balance Sheet Components (Tables) | 12 Months Ended
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Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract] |
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets as of December 31, 2024 and 2023 consist of the following (in thousands):
|  | December 31, 2024 |  |  | December 31, 2023 |
Prepaid professional fees |  | $ | 377 |  |  | $ | 413 |
Prepaid insurance |  |  | 286 |  |  |  | 318 |
Prepaid manufacturing and research expense |  |  | 1,982 |  |  |  | 306 |
Other |  |  | 336 |  |  |  | 165 |
Total Prepaid Expenses and Other Current Assets |  | $ | 2,981 |  |  | $ | 1,202 |
Schedule of Property and Equipment | Property and equipment, net as of December 31, 2024 and 2023 consist of the following (in thousands):
|  | December 31, 2024 |  |  | December 31, 2023 |
Equipment |  | $ | 107 |  |  | $ | 100 |
Furniture and Fixtures |  |  | 18 |  |  |  | 18 |
Property and equipment, at cost |  |  | 125 |  |  |  | 118 |
Less accumulated depreciation |  |  | (48 | ) |  |  | (9 | )
Total Property and Equipment, net |  | $ | 77 |  |  | $ | 109 |
Schedule of Other Assets | Other assets as of December 31, 2024 and 2023 consist of the following (in thousands):
|  | December 31, 2024 |  |  | December 31, 2023 |
Prepaid insurance |  | $ | 87 |  |  | $ | 280 |
Prepaid professional fees |  |  | - |  |  |  | 211 |
Other |  |  | 51 |  |  |  | 53 |
Total Other Assets |  | $ | 138 |  |  | $ | 544 |
Components of Accrued Liabilities | Accrued liabilities as of December 31, 2024 and 2023 consist of the following (in thousands):
|  | December 31, 2024 |  |  | December 31, 2023 |
Accrued issuance costs |  | $ | 1,881 |  |  | $ | — |
Accrued manufacturing and clinical expenses |  |  | 541 |  |  |  | 1,016 |
Accrued compensation |  |  | 1,551 |  |  |  | 947 |
Accrued legal and professional fees |  |  | 97 |  |  |  | 276 |
Accrued other expenses |  |  | 132 |  |  |  | 3 |
Total Accrued Liabilities |  | $ | 4,202 |  |  | $ | 2,242 |

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