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Balance Sheets - Vallon - Q1 - USD ($)
$ in Thousands
Sep. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Current assets:      
Cash and cash equivalents $ 3,488   $ 9
Prepaid expenses and other current assets 879   303
Total assets 4,404   383
Current liabilities:      
Accounts payable 988   1,294
Accrued expenses 1,143   36
Warrant liability 18   0
Total liabilities 2,177   2,008
Commitments and contingencies (Note 12)  
Stockholders' equity (deficit):      
Common stock, 0.0001 par value; 250,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 2,956,354 and 999,748 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 0   0
Additional paid-in-capital 31,756   16,871
Accumulated deficit (29,529)   (18,496)
Total stockholders’ equity (deficit) 2,227 $ (3,230) (1,625)
Total liabilities, mezzanine equity, and stockholders' deficit 4,404   383
GRI Bio, Inc. (Formerly Vallon Pharmaceuticals, Inc.)      
Current assets:      
Cash and cash equivalents   1,665 3,781
Prepaid expenses and other current assets   432 371
Total assets 2,097   4,152
Current liabilities:      
Accounts payable   528 977
Accrued expenses   1,353 711
Warrant liability 185 185 122
Total liabilities 2,066   1,810
Stockholders' equity (deficit):      
Common stock, 0.0001 par value; 250,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 2,956,354 and 999,748 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively   0 0
Additional paid-in-capital   31,353 31,268
Accumulated deficit   (31,322) (28,926)
Total stockholders’ equity (deficit) 31 $ 31 2,342
Total liabilities, mezzanine equity, and stockholders' deficit $ 2,097   $ 4,152