XML 8 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 $ 32,326 $ 39,230
Prepaid expenses and other current assets 1,171 1,133
Total current assets 33,497 40,363
Property and equipment-net 920 840
Operating lease right-of-use assets 9,513 9,952
Other noncurrent assets 448 448
Total assets 44,378 51,603
Current liabilities:    
Accounts payable 1,051 845
Accrued expenses 1,524 1,673
Current loan payable (net of discount and issuance costs of $139 and $112, respectively) 6,458 4,285
Current operating lease liabilities 858 952
Accrued compensation 690 1,543
Interest payable 110 113
Total current liabilities 10,691 9,411
Loan payable (net of discount and issuance costs of $454 and $756, respectively) 4,140 6,264
Noncurrent operating lease obligations 8,915 9,160
Total liabilities 23,746 24,835
Commitments and contingencies (Note 5)
Stockholders' equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 22,217,265 and 22,045,255 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 22 22
Additional paid-in capital 193,777 192,009
Accumulated deficit (173,167) (165,263)
Total stockholders’ equity 20,632 26,768
Total liabilities and stockholders’ equity $ 44,378 $ 51,603