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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 16,409,000 $ 23,177,000
Tax credit receivable 1,832,000 1,812,000
Prepaid expenses and other current assets 1,292,000 2,414,000
Total Current Assets 19,533,000 27,403,000
Non-Current Assets    
Property and equipment, net 314,000 422,000
Restricted cash 103,000 102,000
Right of use asset 1,428,000 1,759,000
In-process research and development 18,651,000 19,755,000
Goodwill   5,700,000
Deposits and other assets 79,000 78,000
Total Assets 40,108,000 55,219,000
Current Liabilities:    
Accounts payable 756,000 770,000
Accrued expenses 3,754,000 2,995,000
Accrued employee benefits 1,291,000 1,517,000
Deferred research and development tax credit-current portion 916,000 906,000
Loans payable-current 65,000 63,000
Operating lease liability-current portion 541,000 487,000
Total Current Liabilities 7,323,000 6,738,000
Non-current Liabilities    
Non-current contingent consideration 6,788,000 6,274,000
Loan Payable - non-current 98,000 162,000
Non-current deferred research and development tax credit 229,000 906,000
Non-current operating lease liability 1,035,000 1,442,000
Total Liabilities 15,473,000 15,522,000
Commitments and Contingencies (Note 13)
Stockholders' Equity:    
Common stock, $0.001 par value; 14,000,000 shares authorized, 2,646,272 issued and 2,617,462 outstanding at September 30, 2024 and 715,028 issued and 686,219 outstanding at December 31, 2023 3,000 1,000
Additional paid-in capital 355,333,000 346,536,000
Treasury stock at cost, 28,809 shares at September 30, 2024 and at December 31, 2023 (288,000) (288,000)
Accumulated other comprehensive income 112,000 32,000
Accumulated deficit (330,525,000) (309,318,000)
Total Stockholders' Equity 24,635,000 36,963,000
Total Liabilities and Stockholders' Equity $ 40,108,000 55,219,000
Series C convertible preferred stock    
Temporary Equity    
Convertible preferred stock   2,006,000
Series D convertible preferred stock    
Temporary Equity    
Convertible preferred stock   $ 728,000