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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 51,470 $ 21,655
Short-term investments 40,276 53,168
Accounts receivable and unbilled receivable 773 288
Prepaid expenses and other current assets 2,535 2,301
Total current assets 95,054 77,412
Property and equipment, net 898 1,238
Operating lease right-of-use assets 1,169 1,708
Other assets 69 1,279
Total Assets 97,190 81,637
Current liabilities:    
Accounts payable 4,821 1,966
Accrued liabilities 7,897 7,783
Operating lease liabilities 710 691
Total current liabilities 13,428 10,440
Operating lease liabilities, net of current portion 813 1,458
Total Liabilities 14,241 11,898
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock, $0.001 par value, 20,000 shares authorized; 277 designated as Series A Convertible Preferred Stock; 61 shares outstanding at December 31, 2024 and December 31, 2023 with liquidation preference of $1,092 and $1,068 at December 31, 2024 and December 31, 2023 respectively 0 0
Common stock, $0.0001 par value, 150,000 shares authorized; 66,524 and 44,677 shares issued and outstanding at December 31, 2024 and December 31, 2023 respectively 7 4
Additional paid-in capital 467,087 409,343
Accumulated other comprehensive gain (loss) 34 (67)
Accumulated deficit (384,179) (339,541)
Total stockholders’ equity 82,949 69,739
Total liabilities and stockholders’ equity $ 97,190 $ 81,637