Balance Sheet

v3.24.3

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 19,646	$ 20,654
Prepaid expenses and other current assets	1,753	2,408
Total current assets	21,399	23,062
Property and equipment, net	1,644	1,729
Right-of-use assets	18,383	19,616
Restricted cash	1,338	1,338
Other assets	132	52
Total assets	42,896	45,797
Current liabilities:
Accounts payable	815	542
Accrued expenses	2,024	1,727
Litigation accrual	1,675	1,675
Accrued compensation expense	371	396
Current operating lease liabilities	1,385	1,383
Total current liabilities	6,270	5,723
Long-term operating lease liabilities	18,294	19,313
Total liabilities	24,564	25,036
Stockholders’ equity:
Preferred stock, par value $0.0001 per share; 10,000 shares authorized; none outstanding
Common stock, par value $0.0001 per share; 300,000 shares authorized; shares issued and outstanding: 55,266 and 51,031 at September 30, 2024 and December 31, 2023, respectively	6	5
Additional paid-in capital	134,108	119,054
Accumulated other comprehensive income	92	140
Accumulated deficit	(115,874)	(98,438)
Total stockholders’ equity	18,332	20,761
Total liabilities and stockholders’ equity	$ 42,896	$ 45,797

- 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).

Source