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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 55,699 $ 99,216
Accounts receivable 1,070 0
Marketable securities 46,361 15,000
Research and development incentive receivable 640 562
Inventory 2,817 0
Prepaid expenses and other current assets 5,588 7,298
Total current assets 112,175 122,076
Property and equipment, net 776 745
Goodwill 17,351 17,351
Intangible asset, net 10,000 0
Right-of-use assets 4,065 5,650
Other assets 2,080 1,436
Assets, Total 146,447 147,258
Current liabilities:    
Accounts payable 8,621 8,947
Accrued expenses 23,005 12,816
Current portion of lease liability 1,251 1,099
Total current liabilities 32,877 22,862
Long-term debt, including accretion, net of discount 75,425 54,570
Lease liabilities 1,410 2,612
Warrant liability (Note 5) 13,755 15,683
Other liabilities 831 432
Total liabilities 124,298 96,159
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.001 par value. 10,000,000 shares authorized and no shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 0 0
Common stock, $0.001 par value. 500,000,000 shares authorized as of December 31, 2024 and December 31, 2023, respectively; 170,946,943 and 167,434,595 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 171 167
Additional paid-in capital 537,455 528,956
Accumulated other comprehensive loss (122) (119)
Accumulated deficit (515,355) (477,905)
Total stockholders’ equity 22,149 51,099
Total liabilities and stockholders’ equity $ 146,447 $ 147,258