Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

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Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Licensing revenues: $ 675
Operating expenses:        
Research and development 4,868 2,267 11,681 5,297
General and administrative 2,533 2,055 4,925 3,902
Total operating expenses 7,401 4,322 16,606 9,199
Loss from operations (7,401) (4,322) (16,606) (8,524)
Other income (expenses):        
Interest income 462 234 532 248
Interest expense (16) (32) (36) (44)
Change in fair value of warrant liability 16,810 282 5,002 (10,093)
Total other income (expenses) 17,256 484 5,498 (9,889)
Net income (loss) 9,855 (3,838) (11,108) (18,413)
Dividend to preferred stockholders (887) (603) (1,095) (795)
Net income attributable to participating securities (5,925)
Net income (loss) attributable to common stockholders $ 3,043 $ (4,441) $ (12,203) $ (19,208)
Net income (loss) per share attributable to common stockholders, basic (in Dollars per share) $ 0.08 $ (0.29) $ (0.34) $ (1.26)
Net loss per share attributable to common stockholders, diluted (in Dollars per share) $ (0.15) $ (0.29) $ (0.34) $ (1.26)
Weighted-average shares outstanding used in computing net income (loss) per share, basic (in Shares) 37,914,812 15,234,570 36,397,997 15,233,503
Weighted-average shares outstanding used in computing net loss per share, diluted (in Shares) 94,052,853 15,234,570 36,397,997 15,233,503
Series A-1 Preferred Stock        
Other income (expenses):        
Dividend to preferred stockholders $ (603) $ (795)
Series B-1 Preferred Stock        
Other income (expenses):        
Dividend to preferred stockholders $ (887) $ (1,095)