Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,712 $ 14,217
Short-term investments 49,042 37,932
Restricted cash 338 338
Other receivables 2,209 188
Prepaid expenses and other current assets 963 424
Total current assets 57,264 53,099
Property and equipment, net 3,999 5,741
Right-of-use lease assets 4,685 5,331
Other assets 139 43
Total assets 66,087 64,214
Current liabilities:    
Accounts payable 2,592 1,811
Accrued expenses 3,972 3,991
Current portion of operating lease liability 1,649 1,773
Other current liabilities 199 204
Total current liabilities 8,412 7,779
Long-term operating lease liabilities 4,043 5,854
Warrant liabilities 27,122 19,657
Total liabilities 44,049 37,453
Commitments and contingencies
Stockholders’ equity:    
Preferred stock - $0.01 par value; authorized 2,000,000 shares; No shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares; 24,713,908 and 17,719,720 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 247 177
Additional paid-in capital 754,823 722,049
Accumulated deficit (732,933) (695,336)
Accumulated other comprehensive loss (99) (129)
Total stockholders’ equity 22,038 26,761
Total liabilities and stockholders’ equity 66,087 64,214
Related Party [Member]    
Current liabilities:    
Payable to licensor $ 4,472 $ 4,163