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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,410,000 $ 20,821,000
Tax incentive and other receivables 2,121,000 18,000
Prepaid expenses and other current assets 1,392,000 1,821,000
Total current assets 8,923,000 22,660,000
Property and equipment, net 12,000 22,000
Other non-current assets 1,000 1,000
Total assets 8,936,000 22,683,000
Current liabilities:    
Accounts payable 5,472,000 5,619,000
Accrued expenses and other current liabilities 2,650,000 3,375,000
Deferred revenue 226,000 226,000
Total current liabilities 8,348,000 9,220,000
Deferred revenue, non-current 2,621,000 2,791,000
Total liabilities 10,969,000 12,011,000
Commitments and contingencies
Stockholders' (deficit) equity:    
Series C Preferred stock, $0.01 par value, 5,000,000 shares authorized, 7,440 shares issued and outstanding at September 30, 2024 and no shares issued and outstanding at December 31, 2023
Common stock, $0.01 par value, 250,000,000 shares authorized, 3,025,554 and 840,251 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 30,000 9,000
Additional paid in capital 617,202,000 493,317,000
Accumulated deficit (619,232,000) (482,631,000)
Accumulated other comprehensive loss (33,000) (23,000)
Total stockholders' (deficit) equity (2,033,000) 10,672,000
Total liabilities and stockholders' (deficit) equity $ 8,936,000 $ 22,683,000