Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 23,357 $ 14,473
Short-term investments 74,363 37,753
Restricted cash 338 338
Other receivables 1,652 2,444
Prepaid expenses and other current assets 1,143 729
Total current assets 100,853 55,737
Property and equipment, net 4,430 3,533
Operating lease right-of-use assets 3,552 4,455
Other assets 96 277
Total assets 108,931 64,002
Current liabilities:    
Accounts payable 3,441 1,858
Accrued expenses 6,333 5,985
Current portion of long-term debt 5,926
Current portion of operating lease liability 823 998
Current portion payable to licensor 4,580
Other current liabilities 64 1
Total current liabilities 16,587 13,422
Long-term operating lease liabilities 3,262 4,402
Long-term debt 13,037
Warrant liabilities 32,014 31,352
Total liabilities 64,900 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 December 31, 2024 and 2023, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares; 45,644,091 and 26,523,878 shares issued and outstanding as of December 31, 2024 and 2023, respectively 457 265
Additional paid-in capital 856,824 764,151
Accumulated deficit (813,258) (749,524)
Accumulated other comprehensive loss 8 (66)
Total stockholders’ equity 44,031 14,826
Total liabilities and stockholders’ equity $ 108,931 $ 64,002