General form of registration statement for all companies including face-amount certificate companies

Balance Sheets (Current Period Unaudited)

v3.24.4
Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 14,207 $ 7,350
Deferred transaction costs 1,673 0
Prepaid expenses and other current assets 441 198
Total current assets 16,321 7,548
Total current assets 16,321 7,548
Current liabilities:    
Accounts payable 3,130 936
Accrued expenses and other current liabilities 4,505 1,424
Total current liabilities 7,635 2,360
Royalty agreement liability 10,819 8,054
Derivative liabilities – royalty agreement 1,418 1,014
Convertible notes payable 13,250 0
Total liabilities 33,122 11,428
Commitments and Contingencies
Convertible preferred stock, $0.00001 par value; 20,655,895 shares authorized; 15,360,787 shares issued and outstanding at September 30, 2024 and December 31, 2023; aggregate liquidation value of $66,063 at September 30, 2024 70,603 70,603
Stockholders’ equity:    
Common stock 0 0
Additional paid-in capital 2,380 1,818
Accumulated deficit (89,784) (76,301)
Total stockholders’ equity (87,404) (74,483)
Total liabilities and stockholders’ equity $ 16,321 $ 7,548