Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 14,473 $ 14,217
Short-term investments 37,753 37,932
Restricted cash 338 338
Other receivables 2,444 188
Prepaid expenses and other current assets 729 424
Total current assets 55,737 53,099
Property and equipment, net 3,533 5,741
Operating lease right-of-use assets 4,455 5,331
Other assets 277 43
Total assets 64,002 64,214
Current liabilities:    
Accounts payable 1,858 1,811
Accrued expenses 5,985 3,991
Current portion of operating lease liability 998 1,773
Current portion of payable to licensor 4,580
Other current liabilities 1 204
Total current liabilities 13,422 7,779
Long-term operating lease liabilities 4,402 5,854
Warrant liabilities 31,352 19,657
Total liabilities 49,176 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 December 31, 2023 and December 31, 2022, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares; 26,523,878 and 17,719,720 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 265 177
Additional paid-in capital 764,151 722,049
Accumulated deficit (749,524) (695,336)
Accumulated other comprehensive loss (66) (129)
Total stockholders’ equity 14,826 26,761
Total liabilities and stockholders’ equity 64,002 64,214
Related Party [Member]    
Current liabilities:    
Payable to licensor $ 4,163