Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 15,726 $ 14,473
Short-term investments 93,975 37,753
Restricted cash 338 338
Other receivables 1,613 2,444
Prepaid expenses and other current assets 1,005 729
Total current assets 112,657 55,737
Property and equipment, net 4,058 3,533
Operating lease right-of-use assets 3,789 4,455
Other assets 88 277
Total assets 120,592 64,002
Current liabilities:    
Accounts payable 2,789 1,858
Accrued expenses 5,210 5,985
Current portion of long-term debt 4,444
Current portion of operating lease liability 1,057 998
Current portion payable to licensor 4,921 4,580
Other current liabilities 1 1
Total current liabilities 18,422 13,422
Long-term operating lease liabilities 3,402 4,402
Long-term debt 14,206
Warrant liabilities 38,789 31,352
Total liabilities 74,819 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 September 30, 2024 and December 31, 2023, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares;  43,404,706 and 26,523,878 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 434 265
Additional paid-in capital 849,388 764,151
Accumulated deficit (803,965) (749,524)
Accumulated other comprehensive loss (84) (66)
Total stockholders’ equity 45,773 14,826
Total liabilities and stockholders’ equity $ 120,592 $ 64,002