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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 94,677 $ 94,532
Marketable securities 41,476 40,817
Prepaid expenses and other current assets 4,959 4,939
Total current assets 141,112 140,288
Operating lease right-of-use assets, net 521 790
Deposits and other non-current assets 7,852 4,878
Total assets 152,045 152,976
Current liabilities:    
Accounts payable 977 1,439
Accrued expenses and other current liabilities 3,684 7,533
Operating lease liabilities, current 1,912 2,262
Total current liabilities 6,573 11,234
Operating lease liabilities, non-current 0 713
Other non-current liabilities 838 870
Total liabilities 9,971 19,837
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred Stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 392,964 363,094
Accumulated other comprehensive income (loss) (51) 87
Accumulated deficit (250,850) (230,053)
Total stockholders' equity 142,074 133,139
Total liabilities and stockholders' equity 152,045 152,976
Voting Common Stock    
Stockholders' equity:    
Common stock value 11 11
Non-voting Common Stock    
Stockholders' equity:    
Common stock value 0 0
Related Party    
Current assets:    
Promissory note receivable from related party 2,560 7,020
Current liabilities:    
CVR liability due to related party $ 2,560 $ 7,020