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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 14,484 $ 12,591
Short-term investments 3,804 6,940
Accounts receivable 6 0
Unbilled contracts receivable 0 550
Interest receivable 74 79
Prepaid expenses and other current assets 578 244
Total current assets 18,946 20,404
Property and equipment, net 75 100
Long-term prepaid maintenance and supplies 91 91
Security deposit 14 14
Operating lease right-of-use asset 401 517
Financing lease right-of-use-asset 2,341 2,903
Total assets 21,868 24,029
Current liabilities:    
Accounts payable 646 618
Accrued expenses 249 222
Accrued payroll related expenses 594 1,382
Current operating lease liability 256 264
Current financing lease liability 1,386 1,328
Deferred revenue 13 0
Total current liabilities 3,144 3,814
Long-term operating lease liability 137 295
Long-term financing lease liability 1,108 1,750
Total liabilities 4,389 5,859
Commitments and contingencies (see Note 9)
Stockholders’ equity:    
Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock: $0.001 par value, authorized 47,500 shares; 27,622 shares issued and 27,610 outstanding as of June 30, 2024; and 26,107 shares issued and outstanding as of December 31, 2023 28 26
Additional paid in capital 229,726 221,229
Other comprehensive income (loss) (7) 0
Accumulated deficit (212,268) (203,085)
Total stockholders’ equity 17,479 18,170
Total liabilities and stockholders’ equity $ 21,868 $ 24,029