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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 81,316 $ 77,909
Short-term investments 28,809 59,220
Grant receivable 226  
Prepaid expenses and other current assets 7,323 6,553
Total current assets 117,674 143,682
Property and equipment, net 52 37
Right-of-use asset, net 997 1,171
Restricted cash 241 241
Other assets 4,575 4,587
Total assets 123,539 149,718
Current liabilities:    
Accounts payable 7,449 7,184
Accrued expenses 17,384 17,928
Note Payable 911  
Deferred liabilities   327
Lease liability, short-term 981 941
Total current liabilities 26,725 26,380
Non-current liabilities:    
Long-term debt 40,123 40,086
Lease liability, long-term 270 530
Preferred stock tranche liability 10,200 4,189
Total liabilities 77,318 71,185
Stockholders' equity:    
Common stock, $0.0001 par value; 300,000 shares authorized, 25,308 and 25,281 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 3 3
Additional paid-in capital 883,816 882,248
Accumulated other comprehensive income (4) 13
Accumulated deficit (858,753) (824,890)
Total stockholders' equity 25,062 57,374
Total liabilities, convertible preferred stock and stockholders' equity 123,539 149,718
Series B Preferred Stock    
Convertible Preferred Stock:    
Convertible preferred stock $ 21,159 $ 21,159