Balance Sheet

v3.24.2.u1

Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 4,268	$ 6,234
Other receivables	728	3,879
Prepaid expenses and other current assets	114	1,233
Property, plant and equipment, held for sale	2,209	0
Total current assets	7,319	11,346
Property, plant and equipment, net	472	3,247
Restricted cash	375	750
Other assets	250	833
Operating lease right-of-use asset, net	103	1,566
Total Assets	8,519	17,742
Current Liabilities:
Accounts payable and accrued expenses	13,190	14,017
Payables and accrued expenses - related party	$ 2,304	$ 834
Other Liability, Current, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Operating lease liabilities - short-term	$ 429	$ 520
Total current liabilities	15,923	15,371
Deferred income	270	270
Operating lease liabilities - long-term	656	1,978
Total Liabilities	16,849	17,619
Commitments and Contingencies (Note 12)
Stockholders' Equity
Preferred stock ($0.0001 par value), 2,000,000 shares authorized, 250,000 shares of Class A preferred stock issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	0	0
Common stock issuable, zero and 419,089 shares as of June 30, 2024 and December 31, 2023, respectively	0	591
Additional paid-in capital	386,028	380,502
Accumulated deficit	(394,361)	(380,971)
Total Stockholders' Equity	(8,330)	123
Total Liabilities and Stockholders' Equity	8,519	17,742
Class A common shares
Stockholders' Equity
Common stock ($0.0001 par value), 200,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively	0	0
Common shares
Stockholders' Equity
Common stock ($0.0001 par value), 200,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively	$ 3	$ 1

- Definition

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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