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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 13,519 $ 35,078
Short-term investments 0 999
Prepaid expenses and other current assets 3,581 3,748
Other receivables 174 210
Total current assets 17,274 40,035
Non-current assets:    
Right-of-use asset 187 603
Total assets 17,461 40,638
Current liabilities:    
Accounts payable 1,455 890
Accrued expenses 4,920 5,858
Current portion of lease liability 130 282
Total current liabilities 6,505 7,030
Long-term liabilities:    
Royalty obligation payable to Iowa Economic Development Authority 6,000 6,000
Lease liability 42 303
Total liabilities 12,547 13,333
Commitments and contingencies
Stockholders' equity:    
Undesignated preferred stock, $0.01 par value: Authorized shares - 5,000,000 at September 30, 2024 and December 31, 2023; issued and outstanding shares - 0 at September 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value: Authorized shares - 75,000,000 at September 30, 2024 and December 31, 2023; issued shares - 8,679,053 and 8,125,728 at September 30, 2024 and December 31, 2023, respectively, and outstanding shares - 8,648,243 and 8,102,555 at September 30, 2024 and December 31, 2023, respectively 86 81
Treasury stock, at cost, 30,810 and 23,173 shares at September 30, 2024 and December 31, 2023, respectively (215) (196)
Additional paid-in capital 192,019 188,937
Accumulated deficit (186,976) (161,517)
Total stockholders' equity 4,914 27,305
Total liabilities and stockholders' equity $ 17,461 $ 40,638