Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Fair Value Hierarchy of Assets and Liabilities Measured on Recurring Basis

The following fair value hierarchy table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis:

(in thousands)	Fair value measurement at reporting date using
	(Level 1)		(Level 2)		(Level 3)
December 31, 2023
Assets:
Cash equivalents – money markets accounts	$	62,999	$	—	$	—
December 31, 2022
Assets:
Cash equivalents – money markets accounts	$	7,794	$	—	$	—
Marketable securities – U.S. Treasuries	$	27,802	$	—	$	—
Liability:
Derivative liability – redemption feature on convertible promissory note	$	—	$	—	$	5,739

Schedule of Marketable Securities

The following is a summary of the Company’s available-for-sale marketable securities as of December 31, 2022:

	Amortized cost		Gross unrealized loss		Fair value
U.S. Treasury securities	$	27,843	$	(41)	$	27,802

Schedule of The Changes in Fair Value of Derivative Liability Associated With The Redemption Feature of Convertible Promissory Note

The table presented below is a summary of the changes in fair value of the Company’s derivative liability associated with the redemption feature of the Company’s convertible promissory note (Level 3 measurement):

(in thousands)	Year Ended December 31,
	2023		2022
Balance at the beginning of the period	$	5,739	$	—
Balance at issuance	—		3,820
Change in fair value	84		1,919
Derecognition upon conversion of convertible promissory note	(5,823)		—
Balance at the end of the period	$	—	$	5,739

Schedule of Anti-Dilutive Securities

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares of common stock outstanding, as they would be anti-dilutive:

	December 31,
	2023	2022
Convertible preferred stock and exchangeable shares	—	9,936,148
Stock options	6,023,370	3,356,937
Conversion of convertible promissory note	—	3,258,151
	6,023,370	16,551,236