Balance Sheet

v3.24.3

Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 32,347	$ 9,701
Prepaid expenses and other current assets	5,394	3,698
Total current assets	37,741	13,399
Right of use asset, net	772	766
Property, plant and equipment, net	61	26
Total assets	38,574	14,191
Current liabilities:
Accounts payable	548	839
Accrued liabilities	2,992	3,234
Warrant liability	6,377	13,134
Operating lease liability - current	542	327
Total current liabilities	10,459	17,534
Operating lease liability – long term	265	466
Total liabilities	10,724	18,000
Commitments and contingencies (Note 8)
Stockholders’ (deficit) equity:
Common stock, $0.001 par value per share – 200,000,000 shares authorized at December 31, 2023 and 400,000,000 shares authorized at September 30, 2024; 34,756,049 and 97,858,406 shares issued and outstanding at December 31, 2023 and September 30, 2024, respectively	98	35
Additional paid-in capital	107,497	60,697
Accumulated deficit	(79,745)	(64,541)
Total stockholders’ (deficit) equity	27,850	(3,809)
Total liabilities and stockholders’ (deficit) equity	38,574	14,191
Series A-2 Preferred Stock
Stockholders’ (deficit) equity:
Preferred stock value
Series B-2 Preferred Stock
Stockholders’ (deficit) equity:
Preferred stock value
Preferred Stock
Stockholders’ (deficit) equity:
Preferred stock value

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Source