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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 89,078 $ 25,617
Prepaid expenses and other current assets 4,820 3,099
Total current assets 93,898 28,716
Equity investment 2,600 0
Property and equipment, net 1,488 1,782
Right-of-use asset, operating leases 5,869 6,301
Restricted cash and restricted cash equivalents 647 5,647
Other noncurrent assets 40 4,611
Total assets 104,542 47,057
Current liabilities:    
Accounts payable 1,258 3,468
Accrued expenses and other current liabilities 8,912 9,763
CVR liability 2,680 0
Venture debt, current portion 1,533 878
Total current liabilities 14,383 14,109
Lease liability, net of current portion 5,793 6,248
Venture debt, net of current portion 11,071 4,581
Convertible notes 0 38,595
Other noncurrent liabilities 55,000 55,000
Total liabilities 86,247 118,533
Commitments and contingencies (Note 10)
Total convertible preferred stock 0 111,445
Stockholders' deficit:    
Common stock, $0.0001 par value; 400,000,000 shares authorized, 12,138,869 and 359,569 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 2 1
Additional paid-in capital 238,919 4,159
Accumulated other comprehensive loss (1) 0
Accumulated deficit (220,625) (187,081)
Total stockholders' equity (deficit) 18,295 (182,921)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) 104,542 47,057
Series A convertible preferred stock [Member]    
Current liabilities:    
Total convertible preferred stock 0 47,458
Series A-1 convertible preferred stock [Member]    
Current liabilities:    
Total convertible preferred stock 0 4,132
Series B convertible preferred stock [Member]    
Current liabilities:    
Total convertible preferred stock $ 0 $ 59,855