Quarterly report [Sections 13 or 15(d)]

Condensed Balance Sheets

v3.25.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 33,042 $ 6,604
Prepaid expenses and other current assets 1,122 867
Total current assets 34,164 7,471
Total Assets 34,164 7,471
Current Liabilities:    
Accounts payable and accrued expenses 14,741 17,465
Accounts payable and accrued expenses - related party 2,868 2,433
Common stock warrant liabilities 260 198
Total current liabilities 17,869 20,096
Total Liabilities 17,869 20,096
Commitments and Contingencies (Note 5)
Stockholders' Equity (Deficit)    
Common Stock Value 8 5
Common stock issuable, 0 and 2,386,808 shares as of March 31, 2025 and December 31, 2024, respectively   7,638
Additional paid-in capital 398,072 350,305
Accumulated deficit (381,785) (370,573)
Total Stockholders' Equity (Deficit) 16,295 (12,625)
Total Liabilities and Stockholders' Equity (Deficit) $ 34,164 $ 7,471