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
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 78,660 $ 76,677
Prepaid expenses and other current assets 860 1,586
Total Current Assets 79,520 78,263
Property and equipment, net of accumulated depreciation of $844 and $694 412 550
Restricted cash – long term 322 313
Operating leases right-of-use assets 1,838 2,289
Finance leases right-of-use assets 22 30
Total Assets 82,114 81,445
Current Liabilities:    
Accounts payable and accrued expenses 7,195 7,953
Operating leases current liability 549 530
Finance leases current liability 11 11
Total Current Liabilities 7,755 8,494
Long-term license revenue deferred 35,000 35,000
Long-term operating lease obligations 1,139 1,553
Long-term finance lease obligations 12 19
Total Liabilities 43,906 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; 31,195,891 and 27,634,213 shares issued and outstanding, respectively 31 28
Additional paid-in capital 407,351 373,934
Accumulated deficit (369,174) (337,583)
Total Stockholders’ Equity 38,208 36,379
Total Liabilities and Stockholders’ Equity $ 82,114 $ 81,445