Shareholders' Equity and Share-Based Payments [Text Block] | 6. Equity (Deficit) Upon the closing of the IPO, the Company’s outstanding convertible preferred stock automatically converted into 9,177,064 shares of Class A common stock and 6,729,172 shares of Class B common stock. Converted preferred stock outstanding as of the date of the IPO consisted of 15,906,236 shares. Each share of outstanding Series A, Series A- 1, one Convertible Preferred Stock As of December 31, 2023, 1, not not not The authorized, issued, and outstanding shares of convertible preferred stock as of December 31, 2023 Shares Authorized Shares Issued and Outstanding Liquidation Preference (in thousands) Series A 1,786,607 1,786,604 $ 10,000 Series A-1 1,429,286 1,423,119 11,179 Series B 3,362,377 3,346,607 32,034 Series C 10,362,324 9,349,906 140,249 16,940,594 15,906,236 $ 193,462 Common Stock The Company has two September 30, 2024 Voting, dividend, and liquidation rights of the holders of the common stock were subject to, and qualified by, the rights, preferences and privileges of the holders of the convertible preferred stock. The holders of the common stock are entitled to one vote for each share of common stock held at all meetings of stockholders. Class A common stock reserved for future issuance consisted of the following: September 30, December 31, 2024 2023 Convertible preferred stock — 15,906,236 Common stock options granted and outstanding 4,122,230 2,674,405 Shares available for issuance under the 2024 Plan 1,698,056 — Shares available for issuance under the 2012 Plan — 502,491 Preferred stock warrant — 15,764 Common stock warrant 15,764 — Common stock reserved under the 2024 Employee Stock Purchase Plan 280,000 — Total common stock reserved for future issuance 6,116,050 19,098,896 There are no shares of Class B common stock reserved for future issuance as of September 30, 2024 December 31, 2023. Stock Options In March 2024, 2024 "2024 2024 2012 "2012 2012 2024 The number of shares initially reserved for issuance under the 2024 September 30, 2024, 2024 2024 first 2025 2034, Under the 2024 2024 may not not The Company's board of directors (or a committee thereof to which the Company's board of directors has delegated authority) may 2024 2024 not 2024 ten 2024 In March 2024, 2024 "2024 2024 April 9, 2024. 2024 may not As of September 30, 2024, 2024 2024 first 2025 2044, 2024 During the nine September 30, 2024, 2024 not Stock option activity under the 2024 2012 Options Outstanding Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) Balance at December 31, 2023 2,674,457 $ 5.93 7.14 $ 14,888 Options granted 1,504,382 16.10 — — Options exercised (56,609 ) 2.62 — — Options cancelled and forfeited — — — — Options expired — — — — As of September 30, 2024 4,122,230 $ 9.68 7.59 $ 39,015 Options vested and expected to vest as of September 30, 2024 4,122,230 $ 9.68 7.59 $ 39,015 Options exercisable as of September 30, 2024 2,123,241 $ 4.97 5.93 $ 30,082 The aggregate intrinsic value of options exercised during the three September 30, 2024 2023 not September 30, 2024 September 30, 2024, The Company estimated the fair value of stock options using the Black-Scholes valuation model. The Company accounts for any forfeitures of options when they occur. Previously recognized compensation expense for an award is reversed in the period that the award is forfeited. The fair value of stock options was estimated using the following weighted-average assumptions: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Assumptions: Expected term (in years) 6.08 6.08 6.03 6.08 Expected volatility 112 % 95 % 110 % 94 % Risk free interest rate 3.79 % 4.68 % 4.42 % 4.48 % Dividend yield — — — — The weighted-average grant-date fair value per share of stock options granted during the three nine September 30, 2024 s $16.21 and $ The Company recorded $1.4 million and $0.9 million in stock-based compensation in general and administrative and research and development, respectively, for the three September 30, 2024. three September 30, 2023. The Company recorded $2.6 million and $2.0 million in stock-based compensation in general and administrative and research and development, respectively, for the nine September 30, 2024. nine September 30, 2023. As of September 30, 2024, September 30, 2023, |