Annual report [Section 13 and 15(d), not S-K Item 405]

STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

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STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands
Common Shares
Class A Common Shares
Common Shares
Common Stock Issuable
Additional Paid-in Capital
Accumulated Deficit
Total
Balances at Dec. 31, 2022   $ 1 $ 1,885 $ 241,117 $ (262,486) $ (19,483)
Balances (in Shares) at Dec. 31, 2022 700,000 9,586,683        
Stock-based compensation expense       2,897   2,897
Stock-based compensation expense (in shares)   1,091,098        
Issuance of common shares, net of offering costs - Registered direct offerings   $ 1   30,124   30,125
Issuance of common shares, net of offering costs - Registered direct offerings (in shares)   6,957,186        
Issuance of common shares - Founders Agreement     (1,885) 2,837   952
Issuance of common shares - Founders Agreement (in shares)   767,567        
Common shares issuable - Founders Agreement     3,419     3,419
Exercise of prefunded and common stock warrants   $ 1   20,889   20,890
Exercise of prefunded and common stock warrants (in shares)   8,639,501        
Net loss         (51,847) (51,847)
Balances at Dec. 31, 2023 $ 0 $ 3 3,419 297,864 (314,333) (13,047)
Balances (in shares) at Dec. 31, 2023 700,000 27,042,035        
Stock-based compensation expense       15,252   15,252
Stock-based compensation expense (in shares)   8,120,658        
Issuance of common shares, net of offering costs - Registered direct offerings   $ 2   23,590   23,592
Issuance of common shares, net of offering costs - Registered direct offerings (in shares)   2,505,000        
Issuance of common shares - Founders Agreement     (3,419) 4,414   995
Issuance of common shares - Founders Agreement (in shares)   1,914,568        
Common shares issuable - Founders Agreement     7,638     7,638
Exercise of prefunded and common stock warrants       9,185   9,185
Exercise of prefunded and common stock warrants (in shares)   14,058,161        
Net loss         (56,240) (56,240)
Balances at Dec. 31, 2024 $ 0 $ 5 $ 7,638 $ 350,305 $ (370,573) $ (12,625)
Balances (in shares) at Dec. 31, 2024 700,000 53,640,422