v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 132,325 $ 15,365
Short-term investments 41,393 60,125
Receivable from related party 294 4,700
Unbilled receivable from related party 184 938
Prepaid expenses and other current assets 3,255 905
Total current assets 177,451 82,033
Property and equipment, net 185 142
Right-of-use operating lease assets 615 814
Other assets and restricted cash 1,154 121
Total assets 179,405 83,110
Current liabilities:    
Accounts payable 2,610 1,167
Accrued expenses 6,504 6,608
Current portion of deferred revenue—related party 100 100
Current portion of operating lease liabilities 417 350
Total current liabilities 9,631 8,225
Deferred revenue—related party 736 791
Long-term operating lease liabilities 168 438
Total liabilities 10,535 9,454
Commitments and contingencies (Note 16)
Convertible preferred stock; $0.0001 par value per share; authorized shares – none and 33,336,283 at December 31, 2023 and 2022, respectively; issued and outstanding – none and 33,336,282 at December 31, 2023 and 2022, respectively; liquidation preference – none and $121,500 at December 31, 2023 and 2022, respectively 0 118,024
Stockholders' equity/(deficit):    
Preferred stock; $0.001 par value per share; authorized shares – 10,000,000 and none at December 31, 2023 and 2022, respectively; issued and outstanding – none at December 31, 2023 and 2022 0 0
Common stock, par value per share—$0.001 and $0.0001 at December 31, 2023 and 2022, respectively; authorized shares – 150,000,000 and 8,722,279 at December 31, 2023 and 2022, respectively; issued and outstanding shares – 14,817,696 and 875,279 at December 31, 2023 and 2022, respectively 15 0
Additional paid-in capital 258,231 1,661
Accumulated deficit (89,423) (45,868)
Accumulated other comprehensive income/(loss) 47 (161)
Total stockholders' equity/(deficit) 168,870 (44,368)
Total liabilities, convertible preferred stock and stockholders' equity/(deficit) $ 179,405 $ 83,110