XML 18 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 176 $ 47
Other receivables 0 12
Prepaid expenses 2,132 1,460
Total current assets 2,308 1,519
Other assets 1,205 1,519
Total assets 3,513 3,038
Current liabilities    
Accounts payable 4,372 1,927
Accrued expenses 1,523 2,245
Contingent upfront payment for license agreement 100 0
Notes payable, net of deferred financing costs 565 1,178
Convertible notes, current portion 4,179 0
Forward purchase agreement derivative liability 0 10,211
Liability classified warrants 2,307 587
Total current liabilities 13,046 16,148
Notes payable, net of deferred financing costs 4,143 7,652
Convertible notes, net of current portion 194  
Total liabilities 17,383 23,800
Commitments and contingencies (see Note 13)
Stockholders' deficit    
Preferred stock - $0.0001 par value, 10,000,000 and 10,000,000 shares authorized at December 31, 2023 and 2022, respectively; no shares issued and outstanding at December 31, 2023 and 2022, respectively 0 0
Common stock - $0.0001 par value per share; 500,000,000 and 100,000,000 shares authorized at December 31, 2023 and 2022, respectively; 47,615,285 and 12,699,668 shares issued and outstanding at December 31, 2023 and 2022, respectively 5 1
Additional paid-in capital 100,859 67,739
Accumulated deficit (114,734) (88,502)
Total stockholders' deficit (13,870) (20,762)
Total liabilities and stockholders' deficit $ 3,513 $ 3,038