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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 4
Restricted cash 224 1,000
Prepaid expenses 588 1,105
Total current assets 812 2,109
Investment in Virion 90 3,392
TOTAL ASSETS 902 5,501
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 15,899 16,185
Short-term loans, net of issuance costs 16,300 12,118
SPA Warrant 1,089 764
Total current liabilities 33,889 30,012
NON-CURRENT LIABILITIES    
Fixed maturity consideration 5,573 4,123
Backstop put option liability 59,056 58,523
Virion contribution liability 3,605
Total liabilities 98,518 96,264
STOCKHOLDERS’ DEFICIT:    
Common stock, $0.0001 par value; 300,000,000 shares authorized as of December 31, 2024 and 2023, respectively, 34,868,628 and 34,649,046 shares issued and outstanding as of December 31, 2024 and 2023, respectively.
Additional paid-in capital 107,919 105,292
Accumulated deficit (205,535) (196,055)
Total stockholders’ deficit (97,616) (90,763)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 902 5,501
Related Party [Member]    
CURRENT LIABILITIES:    
Accrued expenses-related party $ 601 $ 946