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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 11,609,000 $ 23,177,000
Tax credit receivable 3,228,000 1,812,000
Prepaid expenses and other current assets 1,444,000 2,414,000
Total Current Assets 16,281,000 27,403,000
Non-Current Assets    
Property and equipment, net 270,000 422,000
Restricted cash 96,000 102,000
Right of use asset 1,272,000 1,759,000
In-process research and development 17,358,000 19,755,000
Goodwill 0 5,700,000
Deposits and other assets 75,000 78,000
Total Assets 35,352,000 55,219,000
Current Liabilities:    
Accounts payable 859,000 770,000
Accrued expenses 3,368,000 2,995,000
Accrued employee benefits 1,144,000 1,517,000
Deferred research and development tax credit-current portion 1,614,000 906,000
Loans payable-current 61,000 63,000
Operating lease liability-current portion 539,000 487,000
Total Current Liabilities 7,585,000 6,738,000
Non-current Liabilities    
Non-current contingent consideration 6,973,000 6,274,000
Loan Payable - non-current 92,000 162,000
Non-current deferred research and development tax credit 762,000 906,000
Non-current operating lease liability 873,000 1,442,000
Total Liabilities 16,285,000 15,522,000
Commitments and Contingencies
Stockholders' Equity:    
Common stock, $0.001 par value; 350,000,000 shares authorized, 2,811,258 issued and 2,782,449 outstanding at December 31, 2024 and 715,028 issued and 686,219 outstanding at December 31, 2023 3,000 1,000
Additional paid-in capital 355,501,000 346,536,000
Treasury stock at cost, 28,809 shares at December 31, 2024 and at December 31, 2023 (288,000) (288,000)
Accumulated other comprehensive (loss) income (1,178,000) 32,000
Accumulated deficit (334,971,000) (309,318,000)
Total Stockholders' Equity 19,067,000 36,963,000
Total Liabilities and Stockholders' Equity 35,352,000 55,219,000
Series C convertible preferred stock    
Temporary Equity    
Convertible preferred stock 0 2,006,000
Series D convertible preferred stock    
Temporary Equity    
Convertible preferred stock $ 0 $ 728,000