v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 20,654 $ 45,076
Prepaid expenses and other current assets 2,408 2,452
Total current assets 23,062 47,528
Property and equipment, net 1,729 1,182
Right-of-use assets 19,616 779
Restricted cash 1,338 1,366
Deposits and other assets 52 275
Total assets 45,797 51,130
Current liabilities:    
Accounts payable 542 1,177
Accrued expenses 1,727 2,358
Litigation accrual 1,675 1,675
Accrued compensation expense 396 657
Current operating lease liabilities 1,383 955
Total current liabilities 5,723 6,822
Long-term operating lease liabilities 19,313
Total liabilities 25,036 6,822
Stockholders’ equity:    
Preferred stock, par value $0.0001 per share; 10,000 shares authorized; none outstanding
Common stock, par value $0.0001 per share; 300,000 shares authorized; shares issued and outstanding: 51,031 and 50,736 as of December 31, 2023 and December 31, 2022, respectively 5 5
Additional paid-in capital 119,054 117,054
Accumulated other comprehensive gain 140 35
Accumulated deficit (98,438) (72,786)
Total stockholders’ equity 20,761 44,308
Total liabilities and stockholders’ equity $ 45,797 $ 51,130

Source