XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 7,253 $ 50,288
Marketable securities 19,033 0
Accounts receivable 0 49
Inventory 107 41
Prepaid expenses and other current assets 5,194 4,205
Total current assets 31,587 54,583
Restricted cash 58 58
Right-of-use assets 4,808 3,250
Property and equipment, net 8,089 5,172
Total assets 44,542 63,063
Current liabilities:    
Accounts payable 4,526 1,923
Accrued liabilities 2,566 3,610
Operating lease obligations, current portion 440 347
Finance lease obligations, current portion 123 146
Total current liabilities 7,655 6,026
Operating lease obligations, net of current portion 5,858 4,370
Finance lease obligations, net of current portion 55 97
Total notes payable 15,551 14,484
Convertible notes payable 4,709 4,598
Common stock warrant liability 167 474
Clene Nanomedicine contingent earn-out 9,847 18,100
Initial Shareholders contingent earn-out 1,263 2,317
TOTAL LIABILITIES 45,105 50,466
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Common stock, $0.0001 par value: 150,000,000 shares authorized; 63,246,545 and 62,312,097 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 6 6
Additional paid-in capital 180,534 175,659
Accumulated deficit (181,189) (163,301)
Accumulated other comprehensive income 86 233
TOTAL STOCKHOLDERS’ EQUITY (563) 12,597
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 44,542 $ 63,063