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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 46,674 $ 106,745
Investments - other 0 9,629
Prepaid expenses and other current assets 5,860 9,490
Total current assets 52,534 125,864
Property and equipment, net 466 294
Right of use asset, net 1,299 1,552
Other long-term assets 0 43
Total assets 54,299 127,753
Current liabilities:    
Accounts payable 5,099 4,281
Accrued expenses 18,664 7,986
Other current liabilities 966 810
Total current liabilities 24,729 13,077
Long-term liabilities:    
Operating lease liabilities 639 992
Total long-term liabilities 639 992
Total liabilities 25,368 14,069
Commitments and contingencies (note 4)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 20,000,000 authorized and no shares issued or outstanding at December 31, 2023 and 2022 0 0
Common stock, $0.0001 par value; 130,000,000 shares authorized and 45,177,730 and 39,307,286 shares issued and outstanding at December 31, 2023 and 2022, respectively 4 4
Additional paid-in capital 436,060 427,925
Accumulated other comprehensive income 3,759 3,035
Accumulated deficit (410,892) (317,280)
Total stockholders’ equity 28,931 113,684
Total liabilities and stockholders’ equity $ 54,299 $ 127,753