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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 34,050 $ 45,814
Short-term investments (See Note 3) 40,312 27,689
Prepaid expenses and other current assets (See Note 4) 5,548 2,503
License agreement receivable 2,463 0
License agreement contract asset 19,363 0
Accounts receivable, net 0 2,101
Inventory, net 0 899
Restricted cash 380 55
Total current assets 102,116 79,061
Investments (See Note 3) 23,594 0
Other assets 0 5,511
Deferred offering costs 175 73
Restricted cash 163 163
Intangible assets, net 0 408
Operating lease right-of-use asset (Note 9) 2,364 2,594
Total assets 128,412 87,810
Current liabilities:    
Accounts payable 7,149 5,937
Accrued expenses (See Note 7) 7,495 5,628
Deferred revenue, current portion 1,189 0
Other liabilities, current portion (See Note 8) 0 5,771
Operating lease liability, current portion (Note 9) 340 282
Warrant liabilities 130 0
Total current liabilities 16,303 17,618
Deferred revenue 2,727 0
Warrant liabilities 21,680 18,644
Convertible debt and derivative liability (Note 8) 12,159 11,001
Loan payable (Note 8) 0 34,393
Operating lease liability (Note 9) 2,581 2,921
Total liabilities 55,450 84,577
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, authorized 5,000,000 shares as of December 31, 2023 and December 31, 2022; 0 shares issued and outstanding as of December 31, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value, 150,000,000 shares authorized as of December 31, 2023 and 2022; 37,207,799 and 32,682,342 shares issued and outstanding as of December 31, 2023, and December 31, 2022, respectively 40 36
Additional paid-in capital 428,169 425,485
Accumulated deficit (355,247) (422,288)
Total stockholders’ equity 72,962 3,233
Total liabilities and stockholders’ equity $ 128,412 $ 87,810