Annual report [Section 13 and 15(d), not S-K Item 405]

Balance Sheets

v3.25.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 26,142 $ 9,701
Prepaid expenses and other current assets 4,806 3,698
Total current assets 30,948 13,399
Right of use asset, net 645 766
Property, plant and equipment, net 75 26
Total assets 31,668 14,191
Current liabilities:    
Accounts payable 1,058 839
Accrued liabilities 3,562 3,234
Warrant liability 18,936 13,134
Operating lease liability – current 564 327
Total current liabilities 24,120 17,534
Operating lease liability – long term 117 466
Total liabilities 24,237 18,000
Commitments and contingencies (Note 8)
Stockholders’ (deficit) equity:    
Common stock, $0.001 par value per share – 200,000,000 and 400,000,000 shares authorized at December 31, 2023 and 2024, respectively; 34,756,049 shares issued and outstanding at December 31, 2023 and 113,842,364 issued and outstanding at December 31, 2024 114 35
Additional paid-in capital 108,587 60,697
Accumulated deficit (101,270) (64,541)
Total stockholders’(deficit) equity 7,431 (3,809)
Total liabilities and stockholders’ (deficit) equity 31,668 14,191
Series A-2 Prime 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