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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (21,255) $ (7,374)
Adjustments to reconcile net loss to net cash used in operating activities    
Interest on debt instrument 0 17
Stock-based compensation 8,751 141
Changes in operating assets and liabilities    
Prepaid expenses and other current assets 1,440 659
Accounts payable (2,595) (1,221)
Accrued liabilities 429 (419)
Net cash used in operating activities (13,230) (8,197)
CASH FLOWS FROM INVESTING ACTIVITIES    
Net cash provided by investing activities 0 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of warrants and pre-funded warrants, net of issuance costs 23,216 8,011
Proceeds from the exercise of warrants and pre-funded warrants 625 0
Payments on short-term note 0 (222)
Net cash provided by financing activities 23,841 7,789
Net change in cash and cash equivalents 10,611 (408)
Cash and cash equivalents, beginning of period 94,851 9,792
Cash and cash equivalents, end of period 105,462 9,384
Supplemental Disclosures:    
Cash paid for interest $ 0 $ 17