XML 19 R2.htm IDEA: XBRL DOCUMENT v3.23.1
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 27,219 $ 12,097
Short-term investments 68,840 46,458
Prepaid expenses and other current assets 2,509 1,551
Right-of-use asset, net 53  
Total current assets 98,621 60,106
Deferred offering costs   1,724
Long-term investments 3,219 3,486
Other assets, long-term 720  
Total assets 102,560 65,316
Current liabilities:    
Accounts payable 2,122 1,063
Accrued compensation 2,168 916
Accrued liabilities 2,837 1,399
Operating lease liabilities 53  
Options subject to repurchase, short-term 6 17
Total current liabilities 7,186 3,395
Options subject to repurchase, long-term 2 13
Total liabilities 7,188 3,408
Commitments and contingencies (Note 8)
Redeemable convertible preferred stock: $0.00001 par value; 0 and 11,409,536 shares authorized at December 31, 2022 and 2021, respectively, 0 and 11,409,488 shares issued and outstanding at December 31, 2022 and 2021, respectively; aggregate liquidation preference $0 and $103,064 at December 31, 2022 and 2021, respectively 109,319
Stockholders' equity (deficit):    
Preferred stock, $0.00001 par value; 10,000,000 and 0 shares authorized December 31, 2022 and 2021, respectively; no shares issued and outstanding at December 31, 2022 and 2021
Common stock, $0.00001 par value; 500,000,000 and 17,166,642 shares authorized at December 31, 2022 and 2021, respectively; 19,402,658 and 2,730,298 shares issued and outstanding at December 31, 2022 and 2021, respectively
Additional paid-in capital 185,469  
Accumulated other comprehensive loss (374) (27)
Accumulated deficit (89,723) (47,384)
Total stockholders' equity (deficit) 95,372 (47,411)
Total liabilities, redeemable convertible preferred stock, and stockholders' equity $ 102,560 65,316
Redeemable Convertible Preferred Stock    
Current liabilities:    
Redeemable convertible preferred stock: $0.00001 par value; 0 and 11,409,536 shares authorized at December 31, 2022 and 2021, respectively, 0 and 11,409,488 shares issued and outstanding at December 31, 2022 and 2021, respectively; aggregate liquidation preference $0 and $103,064 at December 31, 2022 and 2021, respectively   $ 109,319