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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 13,038 $ 21,655
Short-term investments 44,629 53,168
Accounts receivable and unbilled receivable 618 288
Prepaid expenses and other current assets 1,047 2,301
Total current assets 59,332 77,412
Property and equipment, net 993 1,238
Operating lease right-of-use assets 1,304 1,708
Other assets 1,267 1,279
Total Assets 62,896 81,637
Current liabilities:    
Accounts payable 4,643 1,966
Accrued liabilities 7,175 7,783
Operating lease liabilities 707 691
Total current liabilities 12,525 10,440
Operating lease liabilities, net of current portion 979 1,458
Total Liabilities 13,504 11,898
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock, 20,000 shares authorized; 277 designated as Series A Convertible Preferred Stock; 61 shares outstanding at September 30, 2024 and December 31, 2023 with liquidation preference of $1,086 and $1,068 at September 30, 2024 and December 31, 2023 respectively 0 0
Common stock, $0.0001 par value, 150,000 shares authorized; 48,731 and 44,677 shares issued and outstanding at September 30, 2024 and December 31, 2023 respectively 5 4
Additional paid-in capital 421,697 409,343
Accumulated other comprehensive gain (loss) 82 (67)
Accumulated deficit (372,392) (339,541)
Total stockholders’ equity 49,392 69,739
Total liabilities and stockholders’ equity $ 62,896 $ 81,637