Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Unaudited)

v3.24.1.1.u2
Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,337 $ 6,234
Other receivables 6,738 3,879
Prepaid expenses and other current assets 1,165 1,233
Total current assets 9,240 11,346
Property, plant and equipment, net 2,962 3,247
Restricted cash 375 750
Other assets 530 833
Operating lease right-of-use asset, net 1,485 1,566
Total Assets 14,592 17,742
Current Liabilities:    
Accounts payable and accrued expenses 15,014 14,017
Operating lease liabilities - short-term 570 520
Total current liabilities 17,438 15,371
Deferred income 270 270
Operating lease liabilities - long-term 1,827 1,978
Total Liabilities 19,535 17,619
Commitments and Contingencies (Note 11)
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 March 31, 2024 and December 31, 2023, respectively 0 0
Common stock issuable, zero and 419,089 shares as of March 31, 2024 and December 31, 2023, respectively 0 591
Additional paid-in capital 381,218 380,502
Accumulated deficit (386,162) (380,971)
Total Stockholders' Equity (4,943) 123
Total Liabilities and Stockholders' Equity 14,592 17,742
Related Party [Member]    
Current Liabilities:    
Payables and accrued expenses - related party 1,854 834
Class A common shares    
Stockholders' Equity    
Common stock ($0.0001 par value), 200,000,000 shares authorized as of March 31, 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 March 31, 2024 and December 31, 2023, respectively $ 1 $ 1