XML 17 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
5 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Current assets:      
Cash and cash equivalents $ 20,586 $ 20,586 $ 1,383
Accounts receivable, net 35 35 71
Inventory, net 2,566 2,566 3,322
Prepaid expenses 1,940 1,940 232
Other current assets 222 222 177
Total current assets 25,349 25,349 5,185
Property and equipment, net 1,961 1,961 1,487
Right-of-use assets, net 188 188 130
Intangible Assets, net 6,969 6,969 0
Goodwill 13,967 13,967 0
Other assets 14 14 23
Total assets 48,448 48,448 6,825
Current liabilities:      
Accounts payable 2,840 2,840 3,830
Accrued liabilities 3,673 3,673 3,048
Operating lease liabilities, current 143 143 79
Convertible notes payable, current     36,430
Warrant liabilities     78
Term loan, current     1,695
Accrued transaction costs 3 3 444
Other accrued liabilities 1,104 1,104 1,572
Total current liabilities 7,763 7,763 47,176
Operating lease liabilities, long-term 46 46 52
Convertible notes payable, non-current 16,076 16,076  
Warrant liabilities 152 152  
Deferred tax liabilities, net 883 883  
Term loan, long-term     143
Other long-term liabilities 3,616 3,616 8
Total liabilities 28,536 28,536 47,379
Commitments and contingencies (Note 12)
Legacy Adagio's Convertible preferred stock, $0.001 par value; 4,939,946 shares authorized as of December 31, 2023; 4,939,946 shares issued and outstanding as of December 31, 2023, with aggregate liquidation preference of $91,637 as of December 31, 2023     91,469
Stockholders' equity (deficit):      
Common stock, $0.0001 par value; 210,000,000 shares authorized as of September 30, 2024; 14,535,136 shares issued and outstanding as of September 30, 2024: Legacy Adagio's common stock, $0.001 par value; 6,594,946 shares authorized as of December 31, 2023; 786,510 shares issued as of December 31, 2023; 779,908 shares outstanding as of December 31, 2023 2 2 1
Additional paid-in capital 90,495 90,495 1,608
Accumulated other comprehensive income 1 1 17
Accumulated deficit (70,586) (70,586) (133,649)
Total stockholders' equity (deficit) 19,912 19,912 (132,023)
Total liabilities, convertible preferred stock, and stockholders' equity (deficit) $ 48,448 $ 48,448 $ 6,825
Financial Designation, Predecessor and Successor [Fixed List] Successor Successor Predecessor