v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 13,136 $ 22,459
Accounts receivable 0 945
Deposits, current portion 912 929
Prepaid expenses and other current assets 1,883 805
Total current assets 15,931 25,138
Property and equipment, net 523 471
Operating lease right-of-use asset 3,589 4,370
Deposits 1,956 1,955
Restricted cash 153 152
Other long-term assets 102 105
Total assets 22,254 32,191
Current liabilities:    
Accounts payable 3,784 2,823
Accrued expenses 4,230 2,908
Other payable 535 0
Research and development contract liability, current portion 0 85
Operating lease liabilities, current 3,575 3,540
Current portion of long-term debt, net 3,374 4,333
Total current liabilities 15,498 13,689
Operating lease liabilities, non-current 176 1,003
Total liabilities 15,674 14,692
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized and 0 shares issued and outstanding at March 31, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 200,000,000 shares authorized; 61,819,101 shares issued and outstanding, at March 31, 2025 and December 31, 2024 62 62
Additional paid in capital 360,639 359,301
Accumulated deficit (354,121) (341,864)
Total stockholders' equity 6,580 17,499
Total liabilities and stockholders' equity $ 22,254 $ 32,191