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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Summary of Weighted-Average Number of Common Shares Used to Calculate Basic and Diluted Net Income Loss Per Share

The following table presents the weighted-average number of common shares used to calculate basic and diluted net income (loss) per share:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2024

 

 

 

2023

 

 

2024

 

 

 

2023

 

Weighted-average number of common shares used in calculating basic net income (loss) per share

 

35,292,035

 

 

 

 

34,449,769

 

 

 

35,273,394

 

 

 

 

34,432,057

 

Weighted average number of common shares used in calculating diluted net income (loss) per share

 

36,589,774

 

 

 

 

34,449,769

 

 

 

35,273,394

 

 

 

 

34,432,057

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock options

 

7,886,188

 

 

 

 

7,317,199

 

 

 

9,183,927

 

 

 

 

7,317,199

 

Common stock warrants

 

1,366,141

 

 

 

 

1,366,141

 

 

 

1,366,141

 

 

 

 

1,366,141

 

Potentially dilutive shares excluded from calculation due to antidilutive effect

 

9,252,329

 

 

 

 

8,683,340

 

 

 

10,550,068

 

 

 

 

8,683,340

 

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

 

 

June 30,

 

 

December 31,

 

 

2024

 

 

2023

 

Australian research and development tax incentive

$

692

 

 

$

2,054

 

Prepaid clinical development

 

556

 

 

 

1,008

 

Prepaid insurance

 

250

 

 

 

532

 

Other receivables

 

407

 

 

 

497

 

Prepaid other

 

473

 

 

 

422

 

Other current assets

 

317

 

 

 

235

 

Total prepaid expenses and other current assets

$

2,695

 

 

$

4,748