Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Stockholders' Equity (Deficit)

v3.24.3
Condensed Statements of Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Common Shares
Class A Common Shares
Common Shares
Common Stock Issuable
Additional Paid-in Capital
Accumulated Deficit
Total
Balances at Dec. 31, 2022   $ 1 $ 1,885 $ 241,117 $ (262,486) $ (19,483)
Balances (in Shares) at Dec. 31, 2022 700,000 9,586,683        
Issuance of common shares, net of offering costs - Registered direct offering   $ 1   30,124   30,125
Issuance of common shares, net of offering costs - Registered direct offering (in shares)   6,957,186        
Issuance of common shares - Founders Agreement     (1,885) 2,694   809
Issuance of common shares - Founders Agreement (in shares)   609,433        
Stock-based compensation expense       2,225   2,225
Stock-based compensation expense (in shares)   1,101,098        
Exercise of pre-funded and common stock warrants (in shares)   3,448,147        
Net loss         (32,719) (32,719)
Balances at Sep. 30, 2023   $ 2   276,160 (295,205) (19,043)
Balances (in shares) at Sep. 30, 2023 700,000 21,702,547        
Balances at Dec. 31, 2022   $ 1 1,885 241,117 (262,486) (19,483)
Balances (in Shares) at Dec. 31, 2022 700,000 9,586,683        
Balances at Dec. 31, 2023   $ 3 3,419 297,864 (314,333) (13,047)
Balances (in shares) at Dec. 31, 2023 700,000 27,042,035        
Balances at Jun. 30, 2023   $ 2   266,209 (289,481) (23,270)
Balances (in Shares) at Jun. 30, 2023 700,000 17,238,393        
Issuance of common shares, net of offering costs - Registered direct offering       9,011   9,011
Issuance of common shares, net of offering costs - Registered direct offering (in shares)   2,427,186        
Issuance of common shares - Founders Agreement       251   251
Issuance of common shares - Founders Agreement (in shares)   80,906        
Stock-based compensation expense       689   689
Exercise of pre-funded and common stock warrants (in shares)   1,956,062        
Net loss         (5,724) (5,724)
Balances at Sep. 30, 2023   $ 2   276,160 (295,205) (19,043)
Balances (in shares) at Sep. 30, 2023 700,000 21,702,547        
Balances at Dec. 31, 2023   $ 3 3,419 297,864 (314,333) (13,047)
Balances (in Shares) at Dec. 31, 2023 700,000 27,042,035        
Issuance of common shares, net of offering costs - Registered direct offering   $ 2   23,590   23,592
Issuance of common shares, net of offering costs - Registered direct offering (in shares)   2,505,000        
Issuance of common shares - Founders Agreement     $ (3,419) 4,133   714
Issuance of common shares - Founders Agreement (in shares)   1,833,161        
Stock-based compensation expense       3,491   3,491
Stock-based compensation expense (in shares)   5,322,412        
Exercise of pre-funded and common stock warrants (in shares)   8,392,892        
Net loss         (27,340) (27,340)
Balances at Sep. 30, 2024   $ 5   329,078 (341,673) (12,590)
Balances (in shares) at Sep. 30, 2024 700,000 45,095,500        
Balances at Jun. 30, 2024   $ 4   316,195 (331,948) (15,749)
Balances (in Shares) at Jun. 30, 2024 700,000 41,631,500        
Issuance of common shares, net of offering costs - Registered direct offering   $ 1   10,954   10,955
Issuance of common shares, net of offering costs - Registered direct offering (in shares)   1,230,000        
Issuance of common shares - Founders Agreement       318   318
Issuance of common shares - Founders Agreement (in shares)   146,341        
Stock-based compensation expense       1,611   1,611
Exercise of pre-funded and common stock warrants (in shares)   2,087,659        
Net loss         (9,725) (9,725)
Balances at Sep. 30, 2024   $ 5   $ 329,078 $ (341,673) $ (12,590)
Balances (in shares) at Sep. 30, 2024 700,000 45,095,500