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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 8,740 $ 12,620
Marketable securities 43,224 14,529
Accounts receivable - related party 75 26
Prepaid and other current assets 2,368 781
Total current assets 54,407 27,956
Property and equipment, net 151 236
Operating lease right-of-use asset 1,177 1,149
Investment in Angel Pharmaceuticals 12,540 16,123
Other assets 632 89
Total assets 68,907 45,553
Current liabilities:    
Accounts payable 2,582 1,525
Operating lease liability 185 1,374
Accrued and other liabilities 3,725 3,970
Warrant liability 28,910  
Total current liabilities 35,402 6,869
Operating lease liability 937  
Total liabilities 36,339 6,869
Stockholders' equity:    
Preferred stock: $0.0001 par value; 10,000,000 shares authorized at December 31, 2024 and December 31, 2023; 0 shares issued and outstanding at December 31, 2024 and December 31, 2023 0 0
Common stock: $0.0001 par value; 290,000,000 shares authorized at December 31, 2024 and December 31, 2023; 67,899,779 and 49,038,582 shares issued and outstanding at December 31, 2024 and December 31, 2023 7 5
Additional paid-in capital 430,859 374,363
Accumulated other comprehensive loss (1,288) (967)
Accumulated deficit (397,010) (334,717)
Total stockholders' equity 32,568 38,684
Total liabilities and stockholders' equity $ 68,907 $ 45,553