Balance Sheet

v3.24.1

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 4,787	$ 6,830
Marketable debt securities	8,969	21,933
Restricted cash – security deposit	50	50
Prepaid expenses and other current assets	1,737	5,719
Total current assets	15,543	34,532
Non-current assets:
Leasehold improvements and equipment - net	1,923	2,091
Operating lease right-of-use assets - net	3,064	3,613
Finance lease right-of-use assets - net	21	30
In-process research and development	3,017	3,017
Goodwill	1,336	1,336
Restricted cash - security deposit	200	200
Total non-current assets	9,561	10,287
Total assets	25,104	44,819
Current liabilities:
Accounts payable	514	618
Accrued expenses and other liabilities	1,447	3,099
Operating lease liabilities - current	656	562
Financing lease liabilities - current	5	7
Total current liabilities	2,622	4,286
Non-current liabilities:
Deferred tax liability	341	341
Operating lease liabilities - net of current portion	2,877	3,533
Financing lease liabilities - net of current portion	18	22
Total non-current liabilities	3,236	3,896
Total liabilities	5,858	8,182
Stockholders’ equity:
Common stock par value $0.0001 per share, 500,000,000 shares authorized at December 31, 2023 and 2022, respectively; 217,264,526 issued and outstanding as of December 31, 2023 and 2022, respectively	22	22
Additional paid-in capital	195,018	190,070
Accumulated deficit	(175,573)	(152,631)
Accumulated other comprehensive loss	(221)	(824)
Total stockholders’ equity	19,246	36,637
Total liabilities and stockholders’ equity	$ 25,104	$ 44,819

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Balance Sheet

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