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Consolidated Statements of Convertible Preferred Stock and Stockholders’ Equity (Deficit) - USD ($)
$ in Thousands
Total
Common stock
Additional paid-in capital
Accumulated other comprehensive income (loss)
Accumulated deficit
Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2021 8,700,885          
Beginning balance at Dec. 31, 2021 $ 107,808          
Ending balance (in shares) at Dec. 31, 2022 8,700,885          
Ending balance at Dec. 31, 2022 $ 107,808          
Beginning balance (in shares) at Dec. 31, 2021   2,059,072        
Beginning balance at Dec. 31, 2021 (81,784) $ 2 $ 816 $ 0 $ (96,997) $ 14,395
Stockholders' Equity (Deficit)            
Exercise of stock options (in shares)   158,665        
Exercise of stock options (in shares) 106   106      
Stock-based compensation 275   275      
Unrealized gain (loss) on marketable securities (41)     (41)    
Reclassification to net loss of previous unrealized gain on marketable securities 0          
Net loss (61,226)       (61,226)  
Ending balance (in shares) at Dec. 31, 2022   2,217,737        
Ending balance at Dec. 31, 2022 $ (142,670) $ 2 1,197 (41) (158,223) 14,395
Convertible preferred stock            
Conversion of convertible preferred stock and non-controlling interests to common stock (in shares) (8,700,885)          
Conversion of convertible preferred stock and non-controlling interests to common stock $ (107,808)          
Ending balance (in shares) at Dec. 31, 2023 0          
Ending balance at Dec. 31, 2023 $ 0          
Stockholders' Equity (Deficit)            
Exercise of stock options (in shares) 128,716 128,716        
Exercise of stock options (in shares) $ 187   187      
Stock-based compensation 2,316   2,316      
Unrealized gain (loss) on marketable securities 440     440    
Reclassification to net loss of previous unrealized gain on marketable securities (399)     (399)    
Issuance of common stock for cash in pre-closing financing (in shares)   3,730,608        
Issuance of common stock for cash in pre-closing financing 30,640 $ 4 30,636      
Issuance of common stock upon settlement of convertible promissory note, accrued interest, and related derivative liability (in shares)   5,059,338        
Issuance of common stock upon settlement of convertible promissory note, accrued interest, and related derivative liability 42,447 $ 5 42,442      
Issuance of common stock to Sesen Bio shareholders in reverse capitalization (in shares)   10,374,272        
Issuance of common stock to Sesen Bio shareholders in reverse capitalization 72,044 $ 10 72,034      
Conversion of convertible preferred stock and non-controlling interests to common stock (in shares)   18,872,711        
Conversion of convertible preferred stock and non-controlling interests to common stock 107,809 $ 19 122,185     (14,395)
Sale of common stock, net of issuance costs (in shares)   226,533        
Sale of common stock under Open Market Sales Agreement, net of issuance costs 597   597      
Net loss (86,879)       (86,879)  
Ending balance (in shares) at Dec. 31, 2023   40,609,915        
Ending balance at Dec. 31, 2023 $ 26,532 $ 40 $ 271,594 $ 0 $ (245,102) $ 0