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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 35,331 $ 135,704
Restricted cash 110 70
Short-term investments 39,591  
Other current assets 4,790 5,310
Total current assets 79,822 141,084
Operating lease right-of-use assets 5,394 6,559
Property and equipment, net 2,575 3,259
Other assets 635 625
Total assets 88,426 151,527
Current liabilities:    
Accounts payable 2,740 2,517
Accrued liabilities 14,161 16,842
Operating lease liabilities, current 3,387 3,229
Finance lease liabilities, current 13 10
Deferred revenue from customers, current 655 1,224
Deferred revenue from collaborations, current   84
Total current liabilities 20,956 23,906
Operating lease liabilities, net of current portion 5,545 7,668
Finance lease liabilities, net of current portion 188 231
Warrant liability 11,595 27,596
Long term liability 46 46
Total liabilities 38,330 59,447
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred Stock, $0.0001 par value; 10,000,000 shares authorized as of September 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively.
Common stock, $0.0001 par value; 20,800,000 shares and 12,800,000 shares authorized as of September 30, 2024 and December 31, 2023, respectively; 3,324,780 and 3,003,855 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. 8 7
Additional paid-in capital 585,369 578,325
Accumulated deficit (535,858) (486,797)
Accumulated other comprehensive income 577 545
Total stockholders’ equity 50,096 92,080
Total liabilities and stockholders’ equity $ 88,426 $ 151,527