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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Dec. 31, 2021
Current assets:      
Cash $ 2,603 $ 9,746 $ 5,128
Prepaid expenses and other current assets 59 92 26
Total current assets 2,662 9,838 5,154
Property and equipment, net 382 431 193
Operating lease right-of-use asset 382 475 729
Other assets 34 34 360
Total assets 3,460 10,778 6,436
Current liabilities:      
Accounts payable 6,345 7,805 1,192
Accrued clinical trials expenses 5,099 2,051 2,246
Accrued compensation 1,591 1,112 1,066
Other accrued expenses 1,871 740 697
Current portion of convertible notes at fair value, including related party amount of $38,834, $11,162 and $65,121 at December 31, 2022 and 2021, and June 30, 2023 (unaudited), respectively 73,433 70,866 15,603
Total current liabilities 88,339 82,574 20,804
Convertible notes at fair value, including related party amount of $23,132, $35,751 and $0 at December 31, 2022 and 2021, and June 30, 2023 (unaudited), respectively 60,932 60,426 70,762
Operating lease liability 130 242 524
Other liabilities     221
Total liabilities 149,401 143,242 92,311
Commitments and contingencies
Convertible preferred stock issuable in series, $0.0001 par value; 44,666,035 shares authorized; 21,257,708 shares issued and outstanding at December 31, 2022 and 2021, and June 30, 2023; liquidation preference of $141,920 at December 31, 2022 and December 31, 2021, and June 30, 2023 137,949 137,949 137,949
AEON Biopharma, Inc. stockholders' deficit:      
Common stock, $0.0001 par value; 207,450,050 shares authorized; 138,848,177 shares issued and 138,825,356 shares outstanding at December 31, 2022 and 2021, and June 30, 2023 14 14 14
Additional paid-in capital 204,384 187,348 187,348
Accumulated deficit (507,857) (474,839) (422,283)
Treasury stock, at cost, 22,821 shares at December 31, 2022, 2021, and June 30, 2023 (23) (23) (23)
Total AEON Biopharma, Inc. stockholders' deficit (303,482) (287,500) (234,944)
Non-controlling interest 19,592 17,087 11,120
Total deficit (283,890) (270,413) (223,824)
Total liabilities, convertible preferred stock and deficit $ 3,460 $ 10,778 $ 6,436