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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 226,443 $ 9,238
Short-term investments 41,404 0
Accounts receivable, net of allowance for doubtful accounts: 2024 - $592; 2023 - $650 217 1,165
Prepaid expenses and other current assets 2,108 1,133
Current assets held for sale, discontinued operations 0 5,301
Total current assets 270,172 16,837
Noncurrent assets:    
Property and equipment, net 43,792 5,576
Right-of-use asset, net 2,433 747
Restricted cash 0 182
Intangible assets, in-process research and development 50,000 50,000
Goodwill 24,062 24,062
Other assets, net 694 487
Total assets 391,153 97,891
Current liabilities:    
Accounts payable and accrued expenses 21,813 6,909
Lease liability 903 46
Accrued personnel expenses 3,976 3,588
Note payable 51 49
Deferred Income (Note 3) 1,400 0
Current liabilities of discontinued operations 0 5,072
Total current liabilities 28,143 15,664
Noncurrent liabilities:    
Lease liability, net of current portion 1,676 780
Note payable, net of current portion 1,638 1,676
Deferred Income, net of current portion (Note 3) 26,600 0
Deferred tax liability 4,592 4,592
Other noncurrent liabilities 33 0
Total liabilities 62,682 22,712
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock, $0.001 par value; 7,000,000 shares authorized; 5,000,000 designated Series B convertible preferred stock; no shares issued and outstanding as of September 30, 2024 and December 31, 2023 0 0
Common stock, $0.001 par value; 750,000,000 shares authorized; 67,562,781 and 28,180,985 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively1 [1] 67 28
Additional paid-in capital [1] 519,954 227,591
Accumulated deficit (191,550) (152,440)
Total stockholders' equity 328,471 75,179
Total liabilities and stockholders' equity $ 391,153 $ 97,891
[1] Amounts for prior periods presented have been retroactively adjusted to reflect the 1-for-10 reverse stock split effected on June 14, 2024. See Note 1 for details.