CONDENSED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 33,504	$ 15,647
Short-term investments	59,922	91,648
Prepaid expenses and other current assets	4,263	3,212
Total current assets	97,689	110,507
Long-term investments		27,194
Other assets, long-term		1,043
Total assets	97,689	138,744
Current liabilities:
Accounts payable	1,711	2,676
Accrued compensation	2,110	4,018
Accrued liabilities	4,921	6,681
Other current liabilities	1,275	668
Total current liabilities	10,017	14,043
Total liabilities	10,017	14,043
Commitments and contingencies (Note 7)
Stockholders' equity:
Preferred stock, $0.00001 par value; 10,000,000 shares authorized at September 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding at September 30, 2024 and December 31, 2023
Common stock, $0.00001 par value; 500,000,000 shares authorized at September 30, 2024 and December 31, 2023; 29,868,583 and 29,741,445 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively
Additional paid-in capital	285,814	278,881
Accumulated other comprehensive gain	112	275
Accumulated deficit	(198,254)	(154,455)
Total stockholders' equity	87,672	124,701
Total liabilities and stockholders' equity	$ 97,689	$ 138,744

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).