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
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 84,057 $ 76,677
Prepaid expenses and other current assets 1,316 1,586
Total Current Assets 85,373 78,263
Property and equipment, net of accumulated depreciation of $760 and $694 496 550
Restricted cash – long term 316 313
Operating leases right-of-use assets 2,140 2,289
Finance leases right-of-use assets 27 30
Total Assets 88,352 81,445
Current Liabilities:    
Accounts payable and accrued expenses 7,513 7,953
Operating leases current liability 540 530
Finance leases current liability 11 11
Total Current Liabilities 8,064 8,494
Long-term license revenue deferred 35,000 35,000
Long-term operating lease obligations 1,414 1,553
Long-term finance lease obligations 17 19
Total Liabilities 44,495 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; 29,396,411 and 27,634,213 shares issued and outstanding, respectively 29 28
Additional paid-in capital 390,081 373,934
Accumulated deficit (346,253) (337,583)
Total Stockholders’ Equity 43,857 36,379
Total Liabilities and Stockholders’ Equity $ 88,352 $ 81,445