XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 42,847 $ 169,681
Short-term investments 106,780  
Prepaid expenses and other current assets 1,596 1,677
Total current assets 151,223 171,358
Long-term assets    
Property and equipment, net 27 12
Operating lease right-of-use assets 338 407
Intangible assets, net 8,263 8,749
Long-term investments 8,821  
Other long-term assets 165 165
Total assets 168,837 180,691
Current liabilities    
Accounts payable 8,022 3,149
Accrued compensation 1,226 3,135
Accrued clinical trial site costs 2,395 3,393
Operating lease liabilities 310 273
Other current liabilities 1,511 1,555
Total current liabilities 13,464 11,505
Long-term liabilities    
Contingent liability for Essentialis purchase price 11,950 11,549
Long-term lease liabilities 37 130
Total liabilities 25,451 23,184
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized, 33,337,079 and 31,678,159 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 33 32
Additional paid-in-capital 441,267 433,885
Accumulated other comprehensive loss (106)
Accumulated deficit (297,808) (276,410)
Total stockholders’ equity 143,386 157,507
Total liabilities and stockholders’ equity $ 168,837 $ 180,691