v3.24.2.u1
Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 41,780 $ 9,701
Prepaid expenses and other current assets 2,274 3,698
Total current assets 44,054 13,399
Right of use asset, net 604 766
Property, plant and equipment, net 43 26
Total assets 44,701 14,191
Current liabilities:    
Accounts payable 1,472 839
Accrued liabilities 3,122 3,234
Dividends payable 1
Warrant liability 8,131 13,134
Operating lease liability - current 360 327
Total current liabilities 13,086 17,534
Operating lease liability – long term 274 466
Total liabilities 13,360 18,000
Commitments and contingencies (Note 8)
Stockholders’ deficit:    
Common stock, $0.001 par value per share – 200,000,000 shares authorized at December 31, 2023 and 400,000,000 shares authorized at June 30, 2024; 34,756,049 and 43,573,212 shares issued and outstanding at December 31, 2023 and June 30, 2024, respectively 43 35
Additional paid-in capital 60,760 60,697
Accumulated deficit (75,649) (64,541)
Total stockholders’ deficit (14,846) (3,809)
Total liabilities and stockholders’ deficit 44,701 14,191
Series B-1 preferred stock    
Mezzanine equity:    
Series B-1 preferred stock, $0.001 par value per share – zero shares authorized at December 31, 2023, and 50,000 shares authorized at June 30, 2024; zero shares outstanding at December 31, 2023, and 50,000 shares outstanding at June 30, 2024 46,187
Series A-2 preferred stock    
Stockholders’ deficit:    
Preferred stock value
Preferred stock    
Stockholders’ deficit:    
Preferred stock value

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