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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 23,179 $ 35,078
Short-term investments 0 999
Prepaid expenses and other current assets 4,184 3,748
Other receivables 181 210
Total current assets 27,544 40,035
Non-current assets:    
Right-of-use asset 534 603
Total assets 28,078 40,638
Current liabilities:    
Accounts payable 569 890
Accrued expenses 3,552 5,858
Current portion of lease liability 293 282
Total current liabilities 4,414 7,030
Long-term liabilities:    
Royalty obligation payable to Iowa Economic Development Authority 6,000 6,000
Lease liability 225 303
Total liabilities 10,639 13,333
Commitments and contingencies
Stockholders' equity:    
Undesignated preferred stock, $0.01 par value: Authorized shares - 5,000,000 at March 31, 2024 and December 31, 2023; issued and outstanding shares - 0 at March 31, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value: Authorized shares - 75,000,000 at March 31, 2024 and December 31, 2023; issued shares - 8,132,007 and 8,125,728 at March 31, 2024 and December 31, 2023, respectively, and outstanding shares - 8,107,121 and 8,102,555 at March 31, 2024 and December 31, 2023, respectively 81 81
Treasury stock, at cost, 24,886 and 23,173 shares at March 31, 2024 and December 31, 2023, respectively (201) (196)
Additional paid-in capital 189,517 188,937
Accumulated deficit 171,958 161,517
Total stockholders' equity 17,439 27,305
Total liabilities and stockholders' equity $ 28,078 $ 40,638