Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 93,426 $ 7,415
Other receivables 33 136
Prepaid expenses and other current assets 2,435 843
Restricted cash, current portion 0 1
Total current assets 95,894 8,395
Property and equipment, net 1,780 1,965
Goodwill 10,502 10,502
Restricted cash, net of current portion 131 131
Total assets 108,307 20,993
Current liabilities:    
Accounts payable 654 446
Accrued expenses and other current liabilities 7,888 4,172
Warrant liability 82,855 0
Contingent consideration 5,000 0
Total current liabilities 96,397 4,618
Royalty obligation 2,000 2,000
Deferred tax liability, net 168 155
Derivative liability 10,710 5,550
Other long-term liabilities 1,183 1,366
Total liabilities 110,458 13,689
Mezzanine equity:    
Temporary equity, values issued 11,457  
Stockholders’ (deficit) equity:    
Common stock—$0.001 par value; 200,000,000 shares authorized at June 30, 2024 and December 31, 2023; 1,034,130 and 801,746 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 1 1
Additional paid-in capital 344,352 342,437
Accumulated deficit (357,961) (335,134)
Total stockholders’ (deficit) equity (13,608) 7,304
Total liabilities, mezzanine equity and stockholders’ (deficit) equity 108,307 20,993
Series C Preferred Stock    
Mezzanine equity:    
Temporary equity, values issued 11,457 0
Series D Preferred Stock    
Mezzanine equity:    
Temporary equity, values issued 0 0
Series E Preferred Stock    
Mezzanine equity:    
Temporary equity, values issued $ 0 $ 0