Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 72,904 $ 76,677
Prepaid expenses and other current assets 1,602 1,586
Total Current Assets 74,506 78,263
Property and equipment, net of accumulated depreciation of $891 and $694 364 550
Restricted cash – long term 324 313
Operating lease right-of-use assets 1,685 2,289
Finance leases right-of-use assets 20 30
Total Assets 76,899 81,445
Current Liabilities:    
Accounts payable and accrued expenses 7,568 7,953
Operating leases current liability 569 530
Finance leases current liability 11 11
Total Current Liabilities 8,148 8,494
Long-term license revenue deferred 35,000 35,000
Long-term operating lease obligations 984 1,553
Long-term finance lease obligations 9 19
Total Liabilities 44,141 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 at December 31, 2024 and 2023, respectively 31 28
Additional paid-in capital 408,553 373,934
Accumulated deficit (375,826) (337,583)
Total Stockholders’ Equity 32,758 36,379
Total Liabilities and Stockholders’ Equity $ 76,899 $ 81,445