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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 79 $ 26
Restricted cash 250 250
Prepaid expenses and other current assets 920 1,654
Total current assets 1,249 1,930
Property and equipment, net 13,856 14,459
Operating lease right-of-use asset, net 450 0
Capitalized software, net 93 92
Total assets 15,648 16,481
Current liabilities:    
Accounts payable and accrued expenses (including related party amounts of $722 and $688 as of June 30, 2024 and December 31, 2023, respectively) 15,104 13,395
Related party loans 5,000 5,000
Revolving line of credit 4,991 4,991
Obligation to issue common stock 3,617 0
Operating lease liability, current 154 0
Other liabilities, current 411 262
Total current liabilities 51,408 39,452
Derivative warrant liabilities 23,236 25,759
Senior convertible promissory notes, due to related parties 10,372 9,930
Operating lease liability, non-current 316 0
Deferred tax liabilities 33 33
Total liabilities 85,365 75,174
Commitments and contingencies (Note 15)
Stockholders’ deficit:    
Common stock, $0.0001 par value; 500,000,000 authorized shares as of June 30, 2024 and December 31, 2023; 25,771,132 and 21,888,976 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 3 2
Additional paid-in capital 124,586 121,727
Subscription receivable (10,706) (17,792)
Receivable from shareholder 0 (500)
Accumulated deficit (183,600) (162,130)
Total stockholders’ deficit (69,717) (58,693)
Total liabilities and stockholders’ deficit 15,648 16,481
Forward purchase derivative liabilities    
Current liabilities:    
Derivative liabilities 10,511 15,804
Tranche right derivative liabilities (Tranche Rights)    
Current liabilities:    
Derivative liabilities 4,336 0
Convertible Promissory Notes    
Current liabilities:    
Convertible notes 7,259 0
Convertible Bridge Loans    
Current liabilities:    
Convertible notes $ 25 $ 0