XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 26,373 $ 23,767
Short-term investments 60,936 0
Restricted cash 62 62
Prepaid materials, net 3,229 3,010
Prepaid expenses and other current assets 1,087 1,340
Total current assets 91,687 28,179
Property and equipment, net 1,023 1,061
Intangibles, net 25 33
Right of use asset 1,028 1,477
Total assets 93,763 30,750
Current liabilities:    
Accounts payable 792 204
Accrued liabilities 1,107 691
Accrued research and development expenses 1,366 921
Accrued compensation 2,453 2,979
Term loan, less debt issuance costs 0 1,334
Other current liabilities 764 2,379
Total current liabilities 6,482 8,508
Lease liability, less current portion 476 1,055
Total liabilities 6,958 9,563
Commitments and Contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized at September 30, 2024 and December 31, 2023; 65,500,134 and 20,222,672 shares issued and outstanding at September 30, 2024 (unaudited) and December 31, 2023, respectively 66 20
Additional paid-in capital 633,394 534,375
Accumulated other comprehensive gain 120 0
Accumulated deficit (546,780) (513,213)
Total stockholders’ equity 86,805 21,187
Total liabilities and stockholders’ equity 93,763 30,750
Class A-1 Convertible Preferred Stock    
Stockholders’ equity:    
Convertible preferred stock 0 0
Class A-2 Convertible Preferred Stock    
Stockholders’ equity:    
Convertible preferred stock 1 1
Class A-3 Convertible Preferred Stock    
Stockholders’ equity:    
Convertible preferred stock 0 0
Class A-4 Convertible Preferred Stock    
Stockholders’ equity:    
Convertible preferred stock 4 4
Class A-5 Convertible Preferred Stock    
Stockholders’ equity:    
Convertible preferred stock 0 0
Class A-6 Convertible Preferred Stock    
Stockholders’ equity:    
Convertible preferred stock $ 0 $ 0