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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 31,124 $ 39,230
Prepaid expenses and other current assets 424 1,133
Total current assets 31,548 40,363
Property and equipment-net 1,014 840
Operating lease right-of-use assets 9,159 9,952
Other noncurrent assets 448 448
Total assets 42,169 51,603
Current liabilities:    
Accounts payable 1,357 845
Accrued expenses 2,379 1,673
Current loan payable (net of discount and issuance costs of $150 and $112, respectively) 8,645 4,285
Current operating lease liabilities 939 952
Accrued compensation 1,133 1,543
Interest payable 106 113
Total current liabilities 14,559 9,411
Loan payable (net of discount and issuance costs of $22 and $164, respectively) 2,008 6,264
Noncurrent operating lease obligations 8,663 9,160
Total liabilities 25,230 24,835
Commitments and contingencies (Note 5)
Stockholders' equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 24,475,799 and 22,217,265 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 24 22
Additional paid-in capital 199,652 192,009
Accumulated deficit (182,737) (165,263)
Total stockholders’ equity 16,939 26,768
Total liabilities and stockholders’ equity $ 42,169 $ 51,603