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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 16,177 $ 9,746
Prepaid expenses and other current assets 734 92
Total current assets 16,911 9,838
Property and equipment, net 356 431
Operating lease right-of-use asset 323 475
Other assets 29 34
Total assets 17,619 10,778
Current liabilities:    
Accounts payable 4,013 7,805
Accrued clinical trials expenses 5,641 2,051
Accrued compensation 1,020 1,112
Excise tax payable 569  
Other accrued expenses 2,934 740
Current portion of convertible notes at fair value, including related party amount of $0 and $38,834 at September 30, 2023 and December 31, 2022, respectively   70,866
Total current liabilities 14,177 82,574
Convertible notes at fair value, including related party amount of $0 and $23,132, at September 30, 2023 and December 31, 2022, respectively   60,426
Operating lease liability 52 242
Warrant liability 2,172  
Contingent consideration liability 81,161  
Embedded forward purchase agreements and derivative liabilities 48,453  
Total liabilities 146,015 143,242
Commitments and contingencies
Convertible preferred stock issuable in series, $0.0001 par value; 44,666,035 shares authorized as of December 31, 2022; 21,257,708 shares issued and outstanding at December 31, 2022; liquidation preference of $141,920 at December 31, 2022   137,949
AEON Biopharma, Inc. stockholders' deficit:    
Class A common stock, $0.0001 par value; 500,000,000 and 207,450,050 shares authorized, 37,159,600 and 138,848,177 shares issued and 37,159,600 and 138,825,356 shares outstanding at September 30, 2023 and December 31, 2022, respectively 4 14
Additional paid-in capital 379,669 187,348
Subscription receivables (60,710)  
Accumulated deficit (447,359) (474,839)
Treasury stock, at cost, 0 and 22,821 shares at September 30, 2023 and December 31, 2022, respectively   (23)
Total AEON Biopharma, Inc. stockholders' deficit (128,396) (287,500)
Non-controlling interest   17,087
Total stockholders' deficit (128,396) (270,413)
Total liabilities, convertible preferred stock and stockholders' deficit $ 17,619 $ 10,778