v3.25.1
Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 14,582 $ 7,154
Accounts receivable 242 43
Prepaid expenses 477 328
Other current assets 444 303
Total current assets 15,745 7,828
Right-of-use operating asset 256 278
Property and equipment, net 13 12
Total assets 16,014 8,118
Current liabilities:    
Accounts payable 967 586
Accrued expenses 769 1,323
Total current liabilities 1,736 1,909
Common stock warrant liability 935 1,519
Operating lease liability, net of current portion 186 212
Total liabilities 2,857 3,640
Commitments and contingencies (Note 6)
Convertible preferred stock and stockholders’ equity:    
Convertible preferred stock, $0.0001 par value; 15,000,000 shares authorized as of March 31, 2025, and December 31, 2024, respectively; no shares issued and outstanding at March 31, 2025, and December 31, 2024
Common stock, $0.0001 par value, 250,000,000 shares authorized at March 31, 2025, and December 31, 2024; 36,546,752 and 24,034,672 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively 4 2
Additional paid-in capital 65,792 54,695
Accumulated deficit (52,639) (50,219)
Total convertible preferred stock and stockholders’ equity 13,157 4,478
Total liabilities, convertible preferred stock and stockholders’ equity $ 16,014 $ 8,118

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