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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 18,261,000 $ 23,177,000
Tax credit receivable 1,772,000 1,812,000
Prepaid expenses and other current assets 1,623,000 2,414,000
Total Current Assets 21,656,000 27,403,000
Non-Current Assets    
Property and equipment, net 375,000 422,000
Restricted cash 99,000 102,000
Right of use asset 1,634,000 1,759,000
In-process research and development 19,316,000 19,755,000
Goodwill 5,573,000 5,700,000
Deposits and other assets 77,000 78,000
Total Assets 48,730,000 55,219,000
Current Liabilities:    
Accounts payable 571,000 770,000
Accrued expenses 3,327,000 2,995,000
Accrued employee benefits 665,000 1,517,000
Deferred research and development tax credit-current portion 886,000 906,000
Loans payable-current 62,000 63,000
Operating lease liability-current portion 498,000 487,000
Total Current Liabilities 6,009,000 6,738,000
Non-current Liabilities    
Non-current contingent consideration 6,476,000 6,274,000
Loan Payable - non-current 159,000 162,000
Non-current deferred research and development tax credit 664,000 906,000
Non-current operating lease liability 1,299,000 1,442,000
Total Liabilities 14,607,000 15,522,000
Commitments and Contingencies (Note 13)
Stockholders' Equity:    
Common stock, $0.001 par value; 350,000,000 shares authorized, 17,868,282 issued and 17,148,049 outstanding at March 31, 2024 and 17,868,282 issued and 17,148,049 outstanding at December 31, 2023 18,000 18,000
Additional paid-in capital 346,679,000 346,519,000
Treasury stock at cost, 720,233 shares at March 31, 2024 and at December 31, 2023 (288,000) (288,000)
Accumulated other comprehensive (loss) income (537,000) 32,000
Accumulated deficit (314,483,000) (309,318,000)
Total Stockholders' Equity 31,389,000 36,963,000
Total Liabilities and Stockholders' Equity 48,730,000 55,219,000
Series C convertible preferred stock    
Temporary Equity    
Convertible preferred stock 2,006,000 2,006,000
Series D convertible preferred stock    
Temporary Equity    
Convertible preferred stock $ 728,000 $ 728,000