Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 31,611 $ 14,907
Restricted cash 1,103 957
Other current assets 2,367 1,768
Total current assets 35,081 17,632
Non-current assets    
Other assets 378
Operating lease right-of-use assets 10,423 3,495
Property and equipment, net 6,949 3,902
In-process Research and development (“IPR&D”) assets and Goodwill 15,788
Total non-current assets 33,538 7,397
Total Assets 68,619 25,029
Current liabilities    
Trade accounts payable 3,240 1,381
Current portion of lease liabilities 1,047 666
Other accounts payable 3,018 3,344
Current portion of long-term debt 5,785
Total current liabilities 7,305 11,176
Non-current liabilities    
Contract liability 1,976
Long-term debt, net of current portion 5,402
Operating lease liabilities, net of current portion 8,849 3,239
Other liabilities 153 155
Private Placement Warrants 24,887  
Total non-current liabilities 33,889 10,772
Commitments and Contingencies (Note 7)
Stockholders’ equity    
Preferred Stock, $0.0001 par value; Authorized – 1,000,000 shares as of June 30, 2024 and December 31, 2023. Issued and outstanding- 256,887 as of June 30, 2024. No shares issued and outstanding as of December 31, 2023. 32,420
Common Stock, $0.0001 par value; Authorized – 120,000,000 shares as of June 30, 2024 and December 31, 2023. Issued and outstanding -69,806,447 shares as of June 30, 2024 and 45,979,930 shares as of December 31, 2023. 5 3
Additional paid in capital 170,826 166,048
Accumulated deficit (175,826) (162,970)
Total stockholders’ equity 27,425 3,081
Total liabilities and stockholders’ equity 68,619 25,029
Private Placement    
Non-current liabilities    
Private Placement Warrants $ 24,887