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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 26,039 $ 4,612
Short-term investments 57,571 46,490
Prepaid expenses and other current assets 3,611 5,027
Total current assets 87,221 56,129
Operating lease asset, net 621 365
In-process research and development 32,386 32,386
Other assets 255 186
Total assets 120,483 89,066
Current liabilities:    
Accounts payable 2,148 967
Current operating lease liabilities 269 383
Accrued expenses and other liabilities 3,608 2,545
Total current liabilities 6,025 3,895
Deferred tax liabilities 1,752 1,752
Non-current operating lease liabilities 386  
Warrant liabilities 120,821 76,211
Total liabilities 128,984 81,858
Commitments and contingencies (Note 8)
Stockholders' equity (deficit):    
Common stock, $0.001 par value, 200,000,000 shares authorized at June 30, 2024 and December 31, 2023; 38,506,614 and 24,213,130 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 39 24
Additional paid-in capital 379,400 326,586
Accumulated deficit (387,940) (319,402)
Total stockholders’ equity (8,501) 7,208
Total liabilities and stockholders' equity (deficit) 120,483 89,066
Series X1 Non-voting Convertible Preferred Stock [Member]    
Stockholders' equity (deficit):    
Preferred stock, value
Series X Non-voting Convertible Preferred Stock [Member]    
Stockholders' equity (deficit):    
Preferred stock, value