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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 56,515 $ 77,605
Prepaid expenses and other assets 4,438 2,866
Total current assets 60,953 80,471
Property and equipment, net 7,550 6,764
Right of use assets – operating leases 5,150 2,173
Deferred financing costs 142 146
Total assets 73,795 89,554
Current liabilities:    
Accounts payable 2,166 3,933
Accrued expenses 4,729 7,662
Deferred revenue 1,189 1,413
Operating lease liabilities 2,474 1,391
Finance lease liabilities 1,390 544
Other current liabilities 1,193 965
Total current liabilities 13,141 15,908
Deferred revenue 45,000 45,000
Operating lease liabilities 2,759 860
Finance lease liabilities 869 328
Other long-term liabilities 1,131 926
Total liabilities 62,900 63,022
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock $0.001 par value, 5,000,000 shares authorized, none issued or outstanding 0 0
Common stock $0.001 par value, 350,000,000 shares authorized, 41,542,744 and 40,609,915 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 41 40
Additional paid-in capital 274,934 271,594
Accumulated deficit (264,080) (245,102)
Total stockholders’ equity 10,895 26,532
Total liabilities and stockholders’ equity $ 73,795 $ 89,554