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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 21,917 $ 17,313
Prepaid expenses and other current assets 1,217 882
Restricted cash 25 25
Operating lease, right-of-use asset, current portion   46
Total current assets 23,159 18,266
Property and equipment, net 2 19
Goodwill 6,330 6,330
Intangible assets 79,200 79,200
Other non-current assets 709 2,193
Total assets 109,400 106,008
Current liabilities:    
Accounts payable 782 1,190
Accrued expenses and other current liabilities 4,155 3,147
Operating lease liabilities, current portion   48
Total current liabilities 4,937 4,385
Deferred tax liability 3,326 3,326
Other long-term liability 116  
Total liabilities 8,379 7,711
Commitments and contingencies (Note 15)
Convertible preferred stock, $0.001 par value, 5,000,000 shares authorized at June 30, 2024 and at December 31, 2023; 24,610 shares issued and 12,232 shares outstanding at June 30, 2024 and 24,610 shares issued and outstanding at December 31, 2023 45,005 91,410
Stockholders’ equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized at June 30, 2024 and 45,000,000 at December 31, 2023; 21,625,085 shares and 4,885,512 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 107 91
Additional paid-in capital 360,503 295,376
Accumulated other comprehensive loss (22) (63)
Accumulated deficit (304,572) (288,517)
Total liabilities, convertible preferred stock and stockholders' equity $ 109,400 $ 106,008