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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 106,819 $ 86,887
Prepaid expenses and other current assets 1,861 2,051
Total current assets 108,680 88,938
Property and equipment, net 2,438 2,727
Operating lease right-of-use assets 1,231 1,467
Restricted cash 417 417
Other non-current assets 1,163 1,343
Total assets 113,929 94,892
Current liabilities:    
Accounts payable 2,964 4,149
Current portion of operating lease liabilities 1,029 972
Earnout liability 20
Accrued expenses and other current liabilities 6,055 7,253
Total current liabilities 10,068 12,374
Non-current portion of operating lease liabilities 1,287 1,814
Other non-current liabilities 2,264 2,264
Total liabilities 13,619 16,452
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock: $0.0001 par value — 10,000,000 shares authorized at June 30, 2024 and December 31, 2023; none issued and outstanding at June 30, 2024 and December 31, 2023
Common stock: $0.0001 par value — 492,000,000 shares authorized at June 30, 2024 and December 31, 2023; 15,105,300 and 11,163,896 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 2 1
Additional paid-in capital 298,219 248,039
Accumulated deficit (197,911) (169,600)
Total stockholders’ equity 100,310 78,440
Total liabilities and stockholders’ equity $ 113,929 $ 94,892