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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 52,231 $ 39,586
Marketable debt securities 2,992 25,994
Prepaid expenses and other current assets 2,690 3,125
Total current assets 57,913 68,705
Restricted cash, non-current 745 745
Property and equipment, net 1,213 1,296
Operating lease right-of-use asset 5,018 5,264
Other assets 3,245 2,944
Total assets 68,134 78,954
Current liabilities:    
Accounts payable 972 2,434
Accrued expenses and other current liabilities 3,529 2,732
Operating lease liability 1,000 983
Total current liabilities 5,501 6,149
Operating lease liability, non-current 4,227 4,484
Total liabilities 9,728 10,633
Commitments and contingencies (Note 9)
Stockholders’ Equity:    
Preferred stock, $0.001 par value, authorized 10,000,000 shares: Series 1 Convertible Preferred Stock, 8,028 shares authorized at March 31, 2024 and December 31, 2023, 7,991 shares issued and outstanding as of March 31, 2024 and December 31, 2023.
Common stock, $0.001 par value, authorized 100,000,000 shares: Common stock, 11,433,837 and 11,364,903 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively. 11 11
Additional paid-in capital 269,875 268,725
Accumulated deficit (211,479) (200,384)
Accumulated other comprehensive income (loss) (1) (31)
Total stockholders’ equity 58,406 68,321
Total liabilities and stockholders’ equity $ 68,134 $ 78,954