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 and cash equivalents $ 76,677 $ 108,910
Restricted cash – current 396
Prepaid expenses and other current assets 1,586 1,636
Total Current Assets 78,263 110,942
Property and equipment, net of accumulated depreciation of $694 and $487 550 604
Restricted cash – long term 313 302
Operating lease right-of-use assets 2,289 2,341
Finance leases right-of-use assets 30 3
Total Assets 81,445 114,192
Current Liabilities:    
Accounts payable and accrued expenses 7,953 10,130
Operating leases current liability 530 494
Finance leases current liability 11 4
Total Current Liabilities 8,494 10,628
Long-term license revenue deferred 35,000 35,000
Long-term operating lease obligations 1,553 2,083
Long-term finance lease obligations 19  
Total Liabilities 45,066 47,711
Commitments and contingencies
Stockholders’ Equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 27,634,213 and 25,674,823 shares issued and outstanding at December 31, 2023 and 2022, respectively 28 26
Additional paid-in capital 373,934 355,220
Accumulated deficit (337,583) (288,765)
Total Stockholders’ Equity 36,379 66,481
Total Liabilities and Stockholders’ Equity $ 81,445 $ 114,192