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 $ 23,686 $ 13,724
Investments 123,339 7,182
Restricted cash 285 192
Prepaid expenses and other current assets 1,001 2,448
Total current assets 148,311 23,546
Restricted cash 385 478
Property and equipment, net 671 973
Operating lease right of use assets 2,612 3,063
Other assets 0 212
Total assets 151,979 28,272
Current liabilities:    
Notes payable 77 301
Accounts payable 1,152 3,179
Accrued expenses 10,488 11,030
Derivative liability 0 39
Operating lease liabilities, current 1,519 1,437
Loan payable 10,744 15,908
Total current liabilities 23,980 31,894
Other long-term liabilities 0 44
Operating lease liabilities, noncurrent 2,456 3,239
Total liabilities 26,436 35,177
Stockholders' equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no sharesissued and outstanding at June 30, 2024 and December 31, 2023. 0 0
Common stock, $0.0001 par value; 300,000,000 shares authorized,11,498,917 and 4,423,683 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 1 0
Additional paid-in capital 579,510 429,780
Accumulated deficit (453,580) (436,684)
Accumulated other comprehensive loss (388) (1)
Total stockholders equity (deficit) 125,543 (6,905)
Total liabilities and stockholders’ equity $ 151,979 $ 28,272