v3.24.0.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 50,501 $ 42,634
Accounts receivable 926 1,298
Contract assets and unbilled receivables (Note 9) 1,407 3,552
Prepaids and other current assets 1,099 1,453
Short-term investments 15 49
Total current assets 53,948 48,986
Property and equipment, net 0 6
Total assets 53,948 48,992
Current liabilities:    
Accounts payable 2,153 1,069
Accrued expenses 1,815 1,684
Derivative liability 74 0
Total current liabilities 4,042 2,753
Total liabilities 4,042 2,753
Commitments and contingencies (Note 3 and Note 7)
Stockholders' equity:    
Preferred stock, par value $0.0001; 10,000,000 shares authorized as of December 31, 2023 and 2022; no shares issued and outstanding at December 31, 2023 and 2022. 0 0
Common stock, par value $0.0001; 75,000,000 shares authorized as of December 31, 2023 and 2022; 23,977,491 and 20,861,315 shares issued and outstanding at December 31, 2023 and 2022, respectively. 2 2
Additional paid-in capital 131,370 117,717
Accumulated deficit (81,466) (71,480)
Total stockholders' equity 49,906 46,239
Total liabilities and stockholders' equity $ 53,948 $ 48,992

Source