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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 12,042 $ 17,313
Prepaid expenses and other current assets 697 882
Restricted cash 25 25
Operating lease, right-of-use asset, current portion   46
Total current assets 12,764 18,266
Property and equipment, net 6 19
Goodwill 6,330 6,330
Intangible assets 79,200 79,200
Other non-current assets 892 2,193
Total assets 99,192 106,008
Current liabilities:    
Accounts payable 2,156 1,190
Accrued expenses and other current liabilities 2,376 3,147
Operating lease liabilities, current portion   48
Total current liabilities 4,532 4,385
Deferred tax liability 3,326 3,326
Total liabilities 7,858 7,711
Commitments and contingencies (Note 15)
Convertible preferred stock, $0.001 par value, 5,000,000 shares authorized at March 31, 2024 and at December 31, 2023; 24,610 shares issued and 12,653 shares outstanding at March 31, 2024 and 24,610 shares issued and outstanding at December 31, 2023 46,584 91,410
Stockholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized at March 31, 2024 and 45,000,000 at December 31, 2023; 16,842,512 shares and 4,885,512 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 103 91
Additional paid-in capital 340,340 295,376
Accumulated other comprehensive loss (63) (63)
Accumulated deficit (295,630) (288,517)
Total liabilities, convertible preferred stock and stockholders' equity $ 99,192 $ 106,008