Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 34,097	$ 32,397
Marketable securities	73,525	50,574
Prepaid expenses	939	3,621
Other current assets	867	955
Total current assets	109,428	87,547
Operating lease right-of-use assets	915	1,137
Finance lease right-of-use assets	157	206
Property, equipment and leasehold improvements, net	157	216
Other non-current assets	243	297
Total assets	110,900	89,403
Current liabilities:
Accounts payable	3,414	1,809
Accrued expenses	6,810	3,709
Operating lease liabilities	254	184
Finance lease liabilities	31	122
Total current liabilities	10,509	5,824
Operating lease liabilities	747	1,001
Finance lease liabilities		31
Total liabilities	11,256	6,856
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred stock: $0.001 par value; 5,000,000 shares authorized at December 31, 2024 and December 31, 2023; no shares issued or outstanding at December 31, 2024 and December 31, 2023.
Common stock: $0.001 par value; 200,000,000 shares authorized at December 31, 2024 and December 31, 2023; and 93,602,631 and 68,283,699 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively.	94	68
Additional paid-in capital	386,534	321,642
Accumulated other comprehensive income (loss)	61	(29)
Accumulated deficit	(287,045)	(239,134)
Total stockholders’ equity	99,644	82,547
Total liabilities and stockholders’ equity	$ 110,900	$ 89,403

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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- 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).