BALANCE SHEETS - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 46,329,000	$ 69,547,000
Accounts receivable	48,000	4,248,000
Unbilled collaboration revenue	29,000	168,000
Inventory	2,463,000	1,022,000
Prepaid expenses and other assets	2,310,000	2,545,000
Total current assets	51,179,000	77,530,000
Property and equipment, net	589,000	1,052,000
Operating lease right-of-use asset	836,000	1,158,000
Finance lease right-of-use asset	1,154,000	1,405,000
Other non-current assets	376,000	452,000
Total assets	54,134,000	81,597,000
Current liabilities:
Accounts payable	1,896,000	2,464,000
Accrued expenses and other current liabilities	13,511,000	13,860,000
Current portion of long-term debt	12,938,000	0
Operating lease liability	315,000	324,000
Financing lease liability	352,000	376,000
Total current liabilities	29,012,000	17,024,000
Operating lease liability	583,000	910,000
Financing lease liability	768,000	1,026,000
Derivative liability	2,648,000	0
Long term debt	30,983,000	42,874,000
Total liabilities	63,994,000	61,834,000
Commitments and Contingencies (Note 6)
Stockholders (deficit) equity
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of December 31, 2024 and December 31, 2023	0	0
Common stock, $0.0001 par value; 200,000,000 authorized; 91,885,137 shares issued and 91,779,993 shares outstanding as of December 31, 2024 and 42,518,697 shares issued and 42,413,553 shares outstanding as of December 31, 2023	9,000	4,000
Treasury stock, at cost, 105,144 shares as of December 31, 2024 and December 31, 2023	0	0
Additional paid-in capital	297,158,000	250,207,000
Accumulated deficit	(307,027,000)	(230,448,000)
Total stockholders (deficit) equity	(9,860,000)	19,763,000
Total liabilities and stockholders (deficit) equity	$ 54,134,000	$ 81,597,000