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 $ 78,964 $ 139,526
Prepaid expenses and other current assets 5,957 5,454
Total current assets 84,921 144,980
Property and equipment, net 6,633 7,298
Other long-term assets 1,460 1,592
Restricted cash 2,119 2,119
Right-of-use asset – operating lease 11,589 12,185
Total assets 106,722 168,174
Current liabilities:    
Accounts payable 7,469 11,544
Accrued expenses 14,557 16,146
Operating lease obligation, current portion 2,495 2,324
Debt, current portion   6,667
Total current liabilities 24,521 36,681
Operating lease obligation, net of current portion 17,232 18,528
Warrant liabilities 30,387 61,747
Debt, net of debt discount, net of current portion 40,934 34,556
Commitments and contingencies (See Note 9)
Stockholders' (deficit) equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at June 30, 2024 and December 31, 2023; 0 shares issued and outstanding at June 30, 2024 and December 31, 2023
Common stock, $0.001 par value; 140,000,000 and 70,000,000 shares authorized at June 30, 2024 and December 31, 2023, respectively; 26,809,764 and 26,448,678 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 26 26
Additional paid-in capital 743,464 739,443
Accumulated deficit (749,842) (722,807)
Total stockholders' (deficit) equity (6,352) 16,662
Total liabilities and stockholders' (deficit) equity $ 106,722 $ 168,174