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CONDENSED CONSOLIDATED BALANCE SHEETS
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
Sep. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Current assets:      
Cash and cash equivalents $ 537 $ 537 $ 5,158
Prepaid expenses and other current assets 1,834 1,834 1,064
Total current assets 2,371 2,371 6,222
Property and equipment, net 258 258 332
Operating lease right-of-use asset 1,346 1,346 262
Other assets 29 29 29
Total assets 4,004 4,004 6,845
Current liabilities:      
Accounts payable 4,630 4,630 3,388
Accrued clinical trials expenses 1,373 1,373 5,128
Accrued compensation 1,563 1,563 943
Other accrued expenses 3,160 3,160 3,590
Total current liabilities 10,726 10,726 13,049
Convertible notes at fair value, including related party amount of $13,292 and $0, at June 30, 2024 and December 31, 2023, respectively 15,170 15,170  
Operating lease liability 1,204 1,204  
Warrant liability 1,844 1,844 1,447
Contingent consideration liability 6,886 6,886 104,350
Embedded forward purchase agreements and derivative liabilities 264 264 41,043
Total liabilities 36,094 36,094 159,889
Commitments and contingencies
Stockholders' Deficit:      
Class A common stock, $0.0001 par value; 500,000,000 shares authorized at September 30, 2024 and December 31, 2023, and 39,587,630 and 37,159,600 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 4 4 4
Additional paid-in capital 401,585 401,585 381,264
Subscription receivables     (60,710)
Accumulated deficit (433,679) (433,679) (473,602)
Total stockholders' deficit (32,090) (32,090) (153,044)
Total liabilities and stockholders' deficit $ 4,004 $ 4,004 $ 6,845
Financial Designation, Predecessor and Successor [Fixed List] Successor Successor