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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 21,732 $ 28,821
Marketable securities 6,178 6,179
Accounts receivable 64 143
Inventory 37 37
Prepaid expenses and other current assets 4,100 3,672
Total current assets 32,111 38,852
Restricted cash 58 58
Operating lease right-of-use assets 4,046 4,168
Property and equipment, net 8,854 9,263
TOTAL ASSETS 45,069 52,341
Current liabilities:    
Accounts payable 1,645 1,504
Accrued liabilities 3,905 3,720
Operating lease obligations, current portion 599 576
Finance lease obligations, current portion 7 27
Notes payable, current portion 14,987 14,627
Convertible notes payable, current portion 5,042 4,876
Total current liabilities 26,185 25,330
Operating lease obligations, net of current portion 4,720 4,903
Notes payable, net of current portion 1,820 1,894
Convertible notes payable, net of current portion 5,265 5,258
Common stock warrant liabilities 2,790 1,481
Clene Nanomedicine contingent earn-out liability 22 75
Initial Stockholders contingent earn-out liability 3 10
TOTAL LIABILITIES 40,805 38,951
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.0001 par value: 300,000,000 and 300,000,000 shares authorized at March 31, 2024 and December 31, 2023, respectively; 128,433,721 and 128,422,851 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 13 13
Additional paid-in capital 257,914 255,901
Accumulated deficit (253,803) (242,723)
Accumulated other comprehensive income 140 199
TOTAL STOCKHOLDERS’ EQUITY 4,264 13,390
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 45,069 $ 52,341