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Restatement of Previously Issued Consolidated Financial Statements (Tables) | 3 Months Ended
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Mar. 31, 2024
Prior Period Adjustment [Abstract] |
Summary of Impact of Correction of Misstatements | The impact of the correction of the misstatements is summarized below (in thousands):
|  | As of March 31, 2024 |
Corrected Condensed Consolidated Balance Sheets (Unaudited) |  | As Previously Reported |  |  | Restatement Impact |  |  | As Restated |
Warrant liabilities |  |  | — |  |  |  | 89,547 |  |  |  | 89,547 |
Total liabilities |  |  | 5,999 |  |  |  | 89,547 |  |  |  | 95,546 |
Common stock |  |  | 25 |  |  |  | — |  |  |  | 25 |
Additional paid-in capital |  |  | 328,280 |  |  |  | — |  |  |  | 328,280 |
Accumulated deficit |  |  | (253,486 | ) |  |  | (89,547 | ) |  |  | (343,033 | )
Total Stockholders' Equity (Deficit) |  | $ | 74,819 |  |  | $ | (89,547 | ) |  | $ | (14,728 | )
|  | Three Months Ended March 31, 2024 |
Corrected Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) |  | As Previously Reported |  |  | Restatement Impact |  |  | As Restated |
Change in fair value of warrant liabilities and fair value of financial instruments issued in excess of proceeds |  |  | — |  |  |  | (13,336 | ) |  |  | (13,336 | )
Net loss and comprehensive loss |  | $ | (10,295 | ) |  | $ | (13,336 | ) |  | $ | (23,631 | )
Net loss per share, basic and diluted |  | $ | (0.34 | ) |  | $ | (0.45 | ) |  | $ | (0.79 | )
|  | Three Months Ended March 31, 2024 |
|  | Accumulated Deficit |  |  | Total Stockholders' Equity (Deficit) |
Corrected Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) |  | As Previously Reported |  |  | Restatement Impact |  |  | As Restated |  |  | As Previously Reported |  |  | Restatement Impact |  |  | As Restated |
Balance as of December 31, 2023 |  | $ | (243,191 | ) |  | $ | (76,211 | ) |  | $ | (319,402 | ) |  | $ | 83,419 |  |  | $ | (76,211 | ) |  | $ | 7,208 |
Issuance of common stock in connection with exercise of pre-funded warrants |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |
Stock-based compensation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,694 |  |  |  | — |  |  |  | 1,694 |
Net loss and comprehensive loss |  |  | (10,295 | ) |  |  | (13,336 | ) |  |  | (23,631 | ) |  |  | (10,295 | ) |  |  | (13,336 | ) |  |  | (23,631 | )
Balance as of March 31, 2024 (As Restated) |  | $ | (253,486 | ) |  | $ | (89,547 | ) |  | $ | (343,033 | ) |  | $ | 74,819 |  |  | $ | (89,547 | ) |  | $ | (14,728 | )
|  | Three Months Ended March 31, 2024 |
Corrected Condensed Consolidated Statements of Cash Flows (Unaudited) |  | As Previously Reported |  |  | Restatement Impact |  |  | As Restated |
Net loss |  | $ | (10,295 | ) |  | $ | (13,336 | ) |  | $ | (23,631 | )
Change in fair value of warrant liabilities and fair value of financial instruments issued in excess of proceeds |  |  | — |  |  |  | 13,336 |  |  |  | 13,336 |
Net cash used in operating activities |  | $ | (8,741 | ) |  | $ | - |  |  | $ | (8,741 | )

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 + Details
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