Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 34,426 $ 14,473
Short-term investments 88,282 37,753
Restricted cash 338 338
Other receivables 1,640 2,444
Prepaid expenses and other current assets 1,218 729
Total current assets 125,904 55,737
Property and equipment, net 3,975 3,533
Operating lease right-of-use assets 4,024 4,455
Other assets 100 277
Total assets 134,003 64,002
Current liabilities:    
Accounts payable 3,099 1,858
Accrued expenses 4,924 5,985
Current portion of long-term debt 2,222
Current portion of operating lease liability 1,792 998
Current portion payable to licensor 4,805 4,580
Other current liabilities 1 1
Total current liabilities 16,843 13,422
Long-term operating lease liabilities 3,018 4,402
Long-term debt 16,133
Derivative liabilities 668
Warrant liabilities 24,100 31,352
Total liabilities 60,762 49,176
Commitments and contingencies
Stockholders’ equity:    
Preferred stock - $0.01 par value; authorized 2,000,000 shares; No shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares; 41,661,993 and 26,523,878 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 417 265
Additional paid-in capital 846,654 764,151
Accumulated deficit (773,696) (749,524)
Accumulated other comprehensive loss (134) (66)
Total stockholders’ equity 73,241 14,826
Total liabilities and stockholders’ equity $ 134,003 $ 64,002