v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 31,013 $ 29,854
Accounts receivable, net   131
Inventory 642 679
Prepaid expenses 4,737 5,290
Other current assets 1,385 1,440
Total current assets 37,777 37,394
Property and equipment, net 399 475
Operating lease right-of-use assets 303 382
Other assets 87 87
Total assets 38,566 38,338
Current liabilities    
Accounts payable 15,450 15,990
Accrued expenses 3,986 5,762
Current portion of long-term debt 5,608  
Total current liabilities 25,546 22,233
Long-term portion of operating lease liabilities   65
Derivative liabilities 3,274 6,633
Long-term debt 99,918 102,508
Total liabilities 128,738 131,439
Commitments and contingencies (Note 16)
Stockholders' (deficit) equity    
Preferred stock, $0.001 par value, 10,000 shares authorized; no shares issued and outstanding as of March 31, 2025 and December 31, 2024
Common stock, $0.001 par value, 200,000 shares authorized as of March 31, 2025 and December 31, 2024; 5,468 and 3,102 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 59 49
Additional paid-in-capital 567,220 557,047
Accumulated deficit (657,451) (650,197)
Total stockholders' (deficit) equity (90,172) (93,101)
Total liabilities and stockholders' (deficit) equity 38,566 38,338
Related Party    
Current liabilities    
Other current liabilities 119 107
Nonrelated Party    
Current liabilities    
Other current liabilities $ 383 $ 374