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

Statements of Stockholders??? (Deficit) Equity

v3.25.1
Statements of Stockholders’ (Deficit) Equity - USD ($)
$ in Thousands
Series A-1 Preferred Stock
Series B-1 Preferred Stock
Common Stock
Series A-2 Preferred Stock
Series A-2 Prime Preferred Stock
Series B-2 Preferred Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2022 $ 15 $ 33,516 $ (33,997) $ (466)
Balance (in Shares) at Dec. 31, 2022     15,231,655            
Net loss (30,544) (30,544)
Issuance of Series A-1 preferred stock, net of issuance costs and allocated fair value of warrant liability $ 25,407
Issuance of Series A-1 preferred stock, net of issuance costs and allocated fair value of warrant liability (in Shares) 30,190                
Deemed dividends on Series A-1 preferred stock $ 867 (867) (867)
Issuance of Series A-2 preferred stock and common stock upon conversion of Series A-1 preferred stock $ (26,274) $ 20 26,254 26,274
Issuance of Series A-2 preferred stock and common stock upon conversion of Series A-1 preferred stock (in Shares) (30,190)   19,516,205 43,649          
Issuance of common stock for exercise of options 27 27
Issuance of common stock for exercise of options (in Shares)     8,189            
Stock-based compensation expense 1,767 1,767
Balance at Dec. 31, 2023 $ 35 60,697 (64,541) (3,809)
Balance (in Shares) at Dec. 31, 2023     34,756,049 43,649          
Net loss (36,729) (36,729)
Issuance of Series B-1 preferred stock , net of issuance costs $ 46,187
Issuance of Series B-1 preferred stock , net of issuance costs (in Shares)   50,000              
Dividends on Series B-1 preferred stock (1,095) (1,095)
Exchange of Series A-2 preferred stock for Series A-2 Prime preferred stock
Exchange of Series A-2 preferred stock for Series A-2 Prime preferred stock (in Shares)       (43,649) 21,388.01        
Conversion of Series A-2 Prime preferred stock into common stock $ 31 31
Conversion of Series A-2 Prime preferred stock into common stock (in Shares)     31,097,551   (15,237.8)        
Issuance of Series B-2 preferred stock and common stock upon conversion of Series B-1 preferred stock $ (46,187) $ 42 46,108 46,150
Issuance of Series B-2 preferred stock and common stock upon conversion of Series B-1 preferred stock (in Shares)   (50,000) 42,118,000     7,882      
Conversion of Series B-2 preferred stock into common stock $ 5 5
Conversion of Series B-2 preferred stock into common stock (in Shares)     4,882,000     (4,882)      
Issuance of common stock for cash, net of issuance costs $ 1 523 524
Issuance of common stock for cash, net of issuance costs (in Shares)     977,407            
Issuance of common stock for exercise of options 4 4
Issuance of common stock for exercise of options (in Shares)     11,357            
Stock-based compensation expense 2,350 2,350
Balance at Dec. 31, 2024 $ 114 $ 108,587 $ (101,270) $ 7,431
Balance (in Shares) at Dec. 31, 2024     113,842,364   6,150.21 3,000