Balance Sheet

v3.24.3

Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 3,525	$ 6,234
Other receivables	237	3,879
Prepaid expenses and other current assets	84	1,233
Property, plant and equipment, held for sale	2,209	0
Total current assets	6,055	11,346
Property, plant and equipment, net	421	3,247
Restricted cash	375	750
Other assets	250	833
Operating lease right-of-use asset, net	92	1,566
Total Assets	7,193	17,742
Current Liabilities:
Accounts payable and accrued expenses	12,061	14,017
Payables and accrued expenses - related party	$ 2,535	$ 834
Other Liability, Current, Related Party [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Operating lease liabilities - short-term	$ 442	$ 520
Total current liabilities	15,038	15,371
Deferred income	270	270
Operating lease liabilities - long-term	541	1,978
Total Liabilities	15,849	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 September 30, 2024 and December 31, 2023, respectively	0	0
Common stock issuable, zero and 419,089 shares as of September 30, 2024 and December 31, 2023, respectively	0	591
Additional paid-in capital	387,112	380,502
Accumulated deficit	(395,771)	(380,971)
Total Stockholders' Equity	(8,656)	123
Total Liabilities and Stockholders' Equity	7,193	17,742
Class A common shares
Stockholders' Equity
Common stock ($0.0001 par value), 200,000,000 shares authorized as of September 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 September 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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