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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 30,620,000 $ 30,908,000
Restricted cash 54,000 67,000
Investment in marketable securities (Note 6) 62,633,000 0
Amount due from sale of MST Franchise 0 5,000,000
Prepaid and other current assets 2,656,000 2,300,000
Total Current Assets 95,963,000 38,275,000
Non-current Assets:    
Operating lease right of use assets (Note 9) 207,000 0
Non-current prepaid expenses and other assets 1,515,000 2,483,000
Total Non-current Assets 1,722,000 2,483,000
Total Assets 97,685,000 40,758,000
Current Liabilities:    
Trade payables 1,659,000 2,386,000
Accrued expenses (Note 8) 4,119,000 4,381,000
Employee-related obligations 1,645,000 2,372,000
Liability for employee severance benefits 0 206,000
Operating lease liabilities (Note 9) 115,000 0
Total Current Liabilities 7,538,000 9,345,000
Long-term Liabilities:    
Non-current operating lease liabilities (Note 9) 99,000 0
Other liabilities 1,313,000 0
Total Long-term Liabilities 1,412,000 0
Total Liabilities 8,950,000 9,345,000
Commitments and Contingencies (Note 11)
Mezzanine Equity:    
Convertible Preferred Stock: $0.0001 par value; 20,000,000 shares authorized at December 31, 2023 and December 31, 2022; Series A Preferred Stock: 0 and 3,000 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively (Note 12) 0 211,000
Shareholders' Equity:    
Preferred stock: $0.0001 par value; 20,000,000 shares authorized at December 31, 2023 and December 31, 2022, respectively; no shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 0 0
Common stock: $0.0001 par value; 150,000,000 shares authorized at December 31, 2023 and December 31, 2022; 14,098,888 and 3,229,704 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 1,000 0
Additional paid-in capital 780,044,000 693,937,000
Accumulated other comprehensive income 26,000 0
Accumulated deficit (691,336,000) (662,735,000)
Total Shareholders' Equity 88,735,000 31,202,000
Total Liabilities, Mezzanine Equity and Shareholders’ Equity $ 97,685,000 $ 40,758,000