Quarterly report [Sections 13 or 15(d)]

Balance Sheets

v3.25.1
Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 19,769 $ 26,142
Prepaid expenses and other current assets 7,577 4,806
Total current assets 27,346 30,948
Right of use asset, net 518 645
Property, plant and equipment, net 83 75
Total assets 27,947 31,668
Current liabilities:    
Accounts payable 1,397 1,058
Accrued liabilities 4,143 3,562
Warrant liability 10,588 18,936
Operating lease liability - current 548 564
Total current liabilities 16,676 24,120
Operating lease liability – long term 117
Total liabilities 16,676 24,237
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock value
Common stock, $0.001 par value per share – 400,000,000 shares authorized at December 31, 2024 and March 31, 2025; 113,842,364 and 119,749,743 shares issued and outstanding at December 31, 2024 and March 31, 2025, respectively 120 114
Additional paid-in capital 111,851 108,587
Accumulated deficit (100,700) (101,270)
Total stockholders’ equity 11,271 7,431
Total liabilities and stockholders’ equity 27,947 31,668
Series A-2 Prime Preferred Stock    
Stockholders’ equity:    
Preferred stock value
Series B-2 Preferred Stock    
Stockholders’ equity:    
Preferred stock value