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 $ 26,353 $ 37,144
Restricted cash 75 75
Tax credit receivable 890 716
Prepaid expenses and other current assets 1,773 2,243
Total current assets 29,091 40,178
Property and equipment, net 271 342
Deposits 46 46
Operating lease right-of-use assets, net (including $42 and $99 to related party) 1,851 274
Total assets 31,259 40,840
Current liabilities:    
Accounts payable and accrued expenses 3,022 976
Current maturities of finance lease liabilities 7
Current maturities of operating lease liabilities (including $42 and $59 to related party) 240 233
Total current liabilities 3,262 1,216
Long-term liabilities:    
Operating lease liabilities (including $0 and $42 to related party) 1,613 57
Total long-term liabilities 1,613 57
Total liabilities 4,875 1,273
Commitments and contingencies
Stockholders’ equity:    
Common stock $0.001 par value; 150,000 shares authorized as of December 31, 2023 and December 31, 2022, respectively; 10,174 and 8,143 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively 10 8
Additional paid-in capital 342,288 337,489
Accumulated deficit (315,914) (297,930)
Total stockholders’ equity 26,384 39,567
Total liabilities and stockholders’ equity $ 31,259 $ 40,840