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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 26,096 $ 87,096
Restricted cash 30,925  
Prepaid insurance 300 2,825
Other current assets 930 2,218
Total current assets 58,251 92,139
Other non-current assets   30
Total Assets 58,251 92,169
Current Liabilities    
Accounts payable 437 933
Accrued legal and professional 934 12,815
Accrued expenses and other current liabilities 406 1,650
Total current liabilities 1,777 15,398
Liabilities subject to compromise 13,470 30,467
Total liabilities 15,247 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 September 30, 2024 and December 31, 2023 34,760 32,755
Stockholders' equity    
Class A common stock, $0.0001 par value, 450,000,000 shares authorized;16,100,692 and 15,953,212 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 24 24
Additional paid in capital 1,185,156 1,183,804
Accumulated deficit (1,176,936) (1,170,279)
Total stockholders' equity 8,244 13,549
Total liabilities, mezzanine equity and stockholders' equity $ 58,251 $ 92,169