XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 16,558 $ 35,413
Prepaid expenses and other current assets 1,527 1,384
Total current assets 18,085 36,797
Fixed assets, net 2,477 3,206
Lease right of use assets 614 816
Restricted cash 266 266
Other assets 75 116
Total assets 21,517 41,201
Current liabilities:    
Accounts payable 296 422
Accrued expenses 4,569 4,356
Current portion of term loan payable to a bank 9,851 8,893
Current portion of lease liability 552 513
Total current liabilities 15,268 14,184
Term loan payable to a bank 4,225 11,632
Other long-term debt 840 751
Lease liability, net of current portion 555 973
Warrant liability 15,886 916
Total liabilities 36,774 28,456
Commitments and contingencies (Note 14)
Stockholders' equity    
Preferred stock, $0.01 par value; 10,000,000 shares authorized at September 30, 2024 and December 31, 2023; no shares issued or outstanding at September 30, 2024 and December 31, 2023, respectively
Common stock, $0.01 par value; 150,000,000 shares authorized at September 30, 2024 and December 31, 2023; 32,247,744 and 29,213,627 shares issued at September 30, 2024 and December 31, 2023, respectively; 32,125,136 and 29,091,019 shares outstanding at September 30, 2024 and December 31, 2023, respectively. 322 290
Treasury stock (at cost) (448) (448)
Additional paid-in capital 163,001 149,931
Accumulated deficit (178,132) (137,028)
Total stockholders' equity (deficit) (15,257) 12,745
Total liabilities and stockholders' equity (deficit) $ 21,517 $ 41,201