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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 20,943 $ 87,096
Restricted cash 41,309  
Prepaid insurance 393 2,825
Other current assets 1,068 2,218
Total current assets 63,713 92,139
Other non-current assets   30
Total Assets 63,713 92,169
Current Liabilities    
Accounts payable 333 933
Accrued legal and professional 1,111 12,815
Accrued expenses and other current liabilities 281 1,650
Total current liabilities 1,725 15,398
Liabilities subject to compromise 19,367 30,467
Total liabilities 21,092 45,865
Commitments and contingencies (Note 8)
Mezzanine equity    
Series A Convertible Preferred stock, $0.0001 par value, 12,000,000 shares authorized; 300,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023 34,078 32,755
Stockholders' equity    
Class A common stock, $0.0001 par value, 450,000,000 shares authorized;16,096,296 and 15,953,212 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 24 24
Additional paid in capital 1,185,793 1,183,804
Accumulated deficit (1,177,274) (1,170,279)
Total stockholders' equity 8,543 13,549
Total liabilities, mezzanine equity and stockholders' equity $ 63,713 $ 92,169