XML 16 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Stockholders Equity (Deficit) - USD ($)
$ in Thousands
Previously Reported
Convertible Preferred Stock
Previously Reported
Common Stock
Previously Reported
Additional Paid-In Capital
Previously Reported
Accumulated Other Comprehensive (Loss)
Previously Reported
Accumulated Deficit
Previously Reported
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive (Loss)
Accumulated Deficit
Total
Retroactive application of reverse capitalization (Note 3) $ (51,452) $ 1 $ 51,451     $ 51,452          
Retroactive application of reverse capitalization (Note 3) (in shares) (12,075,976) 6,636,983                  
Balance at Dec. 31, 2021 $ 51,452   94,894   $ (166,126) (71,232) $ 1 $ 146,345   $ (166,126) $ (19,780)
Balance (in shares) at Dec. 31, 2021 12,075,976 2,185,297         8,822,280        
Stock-based compensation               70     70
Exercise of stock options               25     25
Exercise of stock options (in shares)             5,696        
Exercise of warrants               230     230
Exercise of warrants (in shares)             68,588        
Proceeds from private placement               25,262     25,262
Proceeds from private placement (in shares)             1,240,169        
Net loss                   (5,729) (5,729)
Balance at Mar. 31, 2022             $ 1 171,932   (171,855) 78
Balance (in Shares) at Mar. 31, 2022             10,136,733        
Balance at Dec. 31, 2021 $ 51,452   94,894   (166,126) (71,232) $ 1 146,345   (166,126) (19,780)
Balance (in shares) at Dec. 31, 2021 12,075,976 2,185,297         8,822,280        
Net loss                     (13,576)
Balance at Jun. 30, 2022             $ 2 249,206   (179,702) 69,506
Balance (in Shares) at Jun. 30, 2022             20,187,140        
Balance at Mar. 31, 2022             $ 1 171,932   (171,855) 78
Balance (in shares) at Mar. 31, 2022             10,136,733        
Stock-based compensation               219     219
Exercise of stock options               92     92
Exercise of stock options (in shares)             21,442        
Exercise of warrants               (151)     (151)
Exercise of warrants (in shares)             4,650        
Proceeds from private placement             $ 1 76,392     76,393
Proceeds from private placement (in shares)             10,015,015        
Shares issued pursuant to consulting agreement               38     38
Issuance of warrants pursuant to debt financing               178     178
Issuance of warrants pursuant to debt financing (in shares)             9,300        
Other               506     506
Net loss                   (7,847) (7,847)
Balance at Jun. 30, 2022             $ 2 249,206   (179,702) 69,506
Balance (in Shares) at Jun. 30, 2022             20,187,140        
Retroactive application of reverse capitalization (Note 3) $ (165,923) $ 2 165,921     165,923          
Retroactive application of reverse capitalization (Note 3) (in shares) (35,694,179) 17,665,636                  
Balance at Dec. 31, 2022 $ 165,923   86,353 $ (8) (199,734) (113,389) $ 2 252,274 $ (8) (199,734) 52,534
Balance (in shares) at Dec. 31, 2022 35,694,179 2,522,214         20,187,850        
Effect of Merger and recapitalization (refer to Note 3)             $ 1 54,301     54,302
Effect of Merger and recapitalization (refer to Note 3) (in shares)             11,422,741        
Reclassification of Legacy Orchestra common stock warrants to stockholders' equity               2,373     2,373
Unrealized loss on marketable securities                 (27)   (27)
Stock-based compensation               1,489     1,489
Exercise of stock options               10     10
Exercise of stock options (in shares)             2,325        
Exercise of warrants               11     11
Exercise of warrants (in shares)             128,231        
Net loss                   (10,940) (10,940)
Balance at Mar. 31, 2023             $ 3 310,458 (35) (210,674) 99,752
Balance (in Shares) at Mar. 31, 2023             31,741,147        
Balance at Dec. 31, 2022 $ 165,923   $ 86,353 $ (8) $ (199,734) $ (113,389) $ 2 252,274 (8) (199,734) 52,534
Balance (in shares) at Dec. 31, 2022 35,694,179 2,522,214         20,187,850        
Unrealized loss on marketable securities                     (88)
Net loss                     (22,986)
Balance at Jun. 30, 2023             $ 4 312,251 (96) (222,720) 89,439
Balance (in Shares) at Jun. 30, 2023             35,743,007        
Balance at Mar. 31, 2023             $ 3 310,458 (35) (210,674) 99,752
Balance (in shares) at Mar. 31, 2023             31,741,147        
Issuance of shares in settlement of earnout             $ 1       1
Issuance of shares in settlement of earnout (in shares)             3,999,987        
Unrealized loss on marketable securities                 (61)   (61)
Stock-based compensation               1,707     1,707
Exercise of stock options               64     64
Exercise of stock options (in shares)             15,500        
Exercise of warrants               22     22
Exercise of warrants (in shares)             32,279        
Forfeiture of restricted stock awards (in shares)             (45,906)        
Net loss                   (12,046) (12,046)
Balance at Jun. 30, 2023             $ 4 $ 312,251 $ (96) $ (222,720) $ 89,439
Balance (in Shares) at Jun. 30, 2023             35,743,007