| December 31, 2023 | ||||||||||||||||
| Amortized Cost | Unrealized Gain | Unrealized (Loss) | Estimated Fair Value | |||||||||||||
| Government and agency securities | $ | 50,093 | $ | 62 | $ | (2) | $ | 50,153 | ||||||||
| Total | $ | 50,093 | $ | 62 | $ | (2) | $ | 50,153 | ||||||||
| September 30, 2024 | ||||
| Due in one year or less | $ | 187,620 | ||
| Due after one year | — | |||
| Total | $ | 187,620 | ||
| September 30, | December 31, | |||||||
| 2024 | 2023 | |||||||
| Compensation and benefits | $ | 1,850 | $ | 1,365 | ||||
| Research and development expenses | 3,717 | 903 | ||||||
| Other | 185 | 114 | ||||||
| Total accrued expenses | $ | 5,752 | $ | 2,382 | ||||
| September 30, | December 31, | |||||||
| 2024 | 2023 | |||||||
| Security deposits | 50 | 50 | ||||||
| Total other assets | $ | 50 | $ | 50 | ||||
| Three months ended September 30, | Change | |||||||||||
| 2024 | 2023 | $ | ||||||||||
| Operating expenses: | ||||||||||||
| Research and development | $ | 16,747 | $ | 9,073 | $ | 7,674 | ||||||
| General and administrative | 2,865 | 1,872 | 993 | |||||||||
| Total operating expenses | 19,612 | 10,945 | 8,667 | |||||||||
| Loss from operations | (19,612) | (10,945) | (8,667) | |||||||||
| Other income (expense) | ||||||||||||
| Interest and other income, net | 1,470 | 783 | 687 | |||||||||
| Total other income, net | 1,470 | 783 | 687 | |||||||||
| Net loss | $ | (18,142) | $ | (10,162) | $ | (7,980) | ||||||
