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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies  
Schedule of property and equipment, net

Successor

Predecessor

December 31, 

December 31, 

    

2023

    

2022

Furniture and fixtures

$

199

$

199

Equipment

 

237

 

237

Leasehold improvements

 

66

 

66

Property and equipment

 

502

 

502

Accumulated depreciation

 

(170)

 

(71)

Property and equipment, net

$

332

$

431

Schedule of other accrued expenses

    

December 31,

2023

2022

Successor

Predecessor

Legal expenses

$

1,867

$

Excise tax liability

569

Operating lease liability - short term portion

278

257

Daewoong vial usage

33

202

Remaining other accrued expenses

843

281

Total other accrued expenses

$

3,590

 

$

740

Schedule of basic and diluted net loss per share

Basic and diluted net loss per share for the year ended December 31, 2022 was calculated as follows (in thousands, except share and per share amounts):

Year ended December 31, 2022 (Predecessor)

    

Net loss available to common stockholders

$

(52,556)

Weighted average common shares outstanding, basic and diluted

 

138,848,177

Net loss per share attributable to common stockholders, basic and diluted

$

(0.38)

Basic and diluted net loss per share for the periods from January 1, 2023 to July 21, 2023 (Predecessor) and July 22, 2023 to December 31, 2023 (Successor) (As restated) were calculated as follows (in thousands, except share and per share amounts):

Period from January 1, 2023 to July 21, 2023 (Predecessor)

    

    

Net loss available to common stockholders

$

(60,678)

Weighted average common shares outstanding, basic and diluted

 

138,848,177

Net loss per share attributable to common stockholders, basic and diluted

$

(0.44)

Period from July 22, 2023 to December 31, 2023 (Successor) (As restated)

    

    

Net loss available to common stockholders (As restated)

$

(323,954)

Weighted average common shares outstanding, basic and diluted

 

37,159,600

Net loss per share attributable to common stockholders, basic and diluted (As restated)

$

(8.72)

Schedule of potentially dilutive securities outstanding have been excluded from the computation of diluted weighted average shares outstanding because such securities have an anti-dilutive impact

    

December 31, 

2023

2022

Successor

Predecessor

Warrants

14,479,999

Contingent consideration

16,000,000

Contingent founder shares

3,450,000

Convertible preferred stock outstanding

 

 

21,257,708

Convertible preferred stock warrants outstanding

 

 

342,011

Common stock options and restricted stock units

 

4,888,537

 

9,694,890

 

38,818,536

 

31,294,609