v3.24.1.u1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 14,806 $ 12,591
Short-term investments 4,458 6,940
Unbilled contracts receivable 0 550
Interest receivable 73 79
Prepaid expenses and other current assets 328 244
Total current assets 19,665 20,404
Property and equipment, net 83 100
Long-term prepaid maintenance and supplies 91 91
Security deposit 14 14
Operating lease right-of-use asset 459 517
Financing lease right-of-use-asset 2,622 2,903
Total assets 22,934 24,029
Current liabilities:    
Accounts payable 601 618
Accrued expenses 210 222
Accrued payroll related expenses 454 1,382
Current operating lease liability 263 264
Current financing lease liability 1,357 1,328
Deferred Revenue 17 0
Total current liabilities 2,902 3,814
Long-term operating lease liability 194 295
Long-term financing lease liability 1,431 1,750
Total liabilities 4,527 5,859
Commitments and contingencies (see Note 9)
Stockholders’ equity:    
Preferred stock $0.001 par value, authorized 2,500 shares; none issued and outstanding as of March 31 2024 and December 31, 2023 0 0
Common stock: $0.001 par value, authorized 47,500 shares; 26,905 shares issued and 26,885 outstanding as of March 31, 2024; and 26,107 shares issued and outstanding as of December 31, 2023 27 26
Additional paid in capital 226,288 221,229
Other comprehensive income (loss) (1) 0
Accumulated deficit (207,907) (203,085)
Total stockholders’ equity 18,407 18,170
Total liabilities and stockholders’ equity $ 22,934 $ 24,029