Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 14,345 $ 455
Prepaid expenses and other current assets 4,224 2,189
Total current assets 18,569 2,644
Right of use asset, net 845 152
Property, plant and equipment, net 28 22
Total assets 19,442 2,818
Current liabilities:    
Accounts payable 1,084 892
Accrued liabilities 2,530 2,237
Warrant liability 11,528
Operating lease liability - current 314 155
Total current liabilities 15,456 3,284
Operating lease liability – long term 552
Total liabilities 16,008 3,284
Commitments and contingencies (Note 8)
Stockholders’ (deficit) equity:    
Preferred stock value
Common stock, $0.001 par value per share – 200,000,000 shares authorized at December 31, 2022 and September 30, 2023; 15,231,655 shares issued and outstanding at December 31, 2022, and 34,754,401 shares issued and outstanding at September 30, 2023 35 15
Additional paid-in capital 60,098 33,516
Accumulated deficit (56,743) (33,997)
Total stockholders’ (deficit) equity 3,390 (466)
Total liabilities and stockholders’ (deficit) equity 19,442 2,818
Series A-2 Preferred Stock    
Stockholders’ (deficit) equity:    
Preferred stock value $ 44