Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 86,037 $ 76,677
Prepaid expenses and other current assets 1,031 1,586
Total Current Assets 87,068 78,263
Property and equipment, net of accumulated depreciation of $794 and $694 460 550
Restricted cash – long term 318 313
Operating leases right-of-use assets 1,990 2,289
Finance leases right-of-use assets 25 30
Total Assets 89,861 81,445
Current Liabilities:    
Accounts payable and accrued expenses 9,177 7,953
Operating leases current liability 540 530
Finance leases current liability 11 11
Total Current Liabilities 9,728 8,494
Long-term license revenue deferred 35,000 35,000
Long-term operating lease obligations 1,284 1,553
Long-term finance lease obligations 14 19
Total Liabilities 46,026 45,066
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; 30,550,602 and 27,634,213 shares issued and outstanding, respectively 31 28
Additional paid-in capital 401,410 373,934
Accumulated deficit (357,606) (337,583)
Total Stockholders’ Equity 43,835 36,379
Total Liabilities and Stockholders’ Equity $ 89,861 $ 81,445