XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 314,169 $ 132,325
Short-term investments 46,538 41,393
Receivable from related party 840 294
Unbilled receivable from related party 835 184
Prepaid expenses and other current assets 3,305 3,255
Total current assets 365,687 177,451
Property and equipment, net 189 185
Right-of-use operating lease assets 442 615
Other assets and restricted cash 2,641 1,154
Total assets 368,959 179,405
Current liabilities:    
Accounts payable 3,695 2,610
Accrued expenses 5,857 6,504
Current portion of deferred revenue - related party 100 100
Current portion of operating lease liabilities 377 417
Total current liabilities 10,029 9,631
Deferred revenue - related party 682 736
Long-term operating lease liabilities 30 168
Total liabilities 10,741 10,535
Commitments and contingencies (Note 15)
Stockholders' equity/(deficit):    
Preferred stock; $0.001 par value per share; authorized shares - 10,000,000 at June 30, 2024 and December 31, 2023; issued and outstanding - none at June 30, 2024 and December 31, 2023 0 0
Common stock; $0.001 par value per share; authorized shares - 150,000,000 at June 30, 2024 and December 31, 2023; issued and outstanding shares - 29,352,140 and 14,817,696 at June 30, 2024 and December 31, 2023, respectively 29 15
Additional paid-in capital 479,004 258,231
Accumulated deficit (120,778) (89,423)
Accumulated other comprehensive (loss)/income (37) 47
Total stockholders' equity 358,218 168,870
Total liabilities and stockholders' equity $ 368,959 $ 179,405