Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 10,295 $ 4,787
Marketable debt securities 500 8,969
Restricted cash – security deposit 50 50
Prepaid expenses and other current assets 896 1,737
Total current assets 11,741 15,543
Non-current assets:    
Leasehold improvements and equipment – net 1,648 1,923
Operating lease right-of-use assets – net 2,618 3,064
Finance lease right-of-use assets – net 17 21
In-process research and development 3,017 3,017
Goodwill 1,336 1,336
Restricted cash – security deposit 200 200
Total non-current assets 8,836 9,561
Total assets 20,577 25,104
Current liabilities:    
Accounts payable 349 514
Accrued expenses 1,037 1,447
Operating lease liabilities – current 733 656
Financing lease liabilities – current 5 5
Total current liabilities 2,124 2,622
Non-current liabilities:    
Deferred tax liability 341 341
Operating lease liabilities – net of current portion 2,319 2,877
Financing lease liabilities – net of current portion 14 18
Total non-current liabilities 2,674 3,236
Total liabilities 4,798 5,858
Stockholders’ equity:    
Common stock par value $0.0001 per share, 250,000,000 shares authorized at September 30, 2024 and December 31, 2023; 5,086,985 and 4,345,291 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively [1] 1
Additional paid-in capital 207,169 195,040
Accumulated deficit (191,391) (175,573)
Accumulated other comprehensive loss (221)
Total stockholders’ equity 15,779 19,246
Total liabilities and stockholders’ equity $ 20,577 $ 25,104
[1] Adjusted to reflect the impact of the 1-for-50 reverse stock split effective as of August 30, 2024.