Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 22,244	$ 37,125
Short-term investments	36,121
Prepaid expenses and other current assets	2,981	1,202
Total current assets	61,346	38,327
Property and equipment, net	77	109
Other assets	138	544
Total assets	61,561	38,980
Current liabilities:
Accounts payable	4,879	1,424
Accrued liabilities	4,202	2,242
Total current liabilities	9,081	3,666
Commitments and contingencies (Note 5)
Stockholders’ equity
Common stock, $0.001 par value: 200,000,000 shares authorized as of December 31, 2024 and December 31, 2023; 6,393,323 and 1,453,402 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively	6	1
Additional paid-in capital	206,461	153,829
Accumulated other comprehensive income	11	4
Accumulated deficit	(153,998)	(118,520)
Total stockholders’ equity	52,480	35,314
Total liabilities and stockholders' equity	$ 61,561	$ 38,980

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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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).