Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 3,087 $ 1,059
Accounts and retention receivables 4,869 83
Contract assets 255 0
Prepaid and other current assets 382 728
Note receivable 158 0
Total current assets 8,751 1,870
Prepaid expenses - non-current 210 0
Property and equipment, net 5,316 3,129
Intangible assets, net 1,213 1,382
Right-of-use assets 1,720 1,701
Deferred debt issuance costs 223 1,306
Other assets 191 139
TOTAL ASSETS 17,624 9,527
Current liabilities:    
Accounts payable 4,337 1,500
Accrued expenses 917 1,194
Lease liabilities - current 639 655
Notes payable - current 128 429
Contract liabilities 240 0
Total current liabilities 6,261 3,778
Notes payable - non-current 310 0
Lease liabilities - non-current 1,130 1,072
Total liabilities 7,701 4,850
Commitments and contingencies (Note 10)
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Common stock, par value $0.0001; 800,000,000 shares authorized; 6,708,113 and 171,677 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 0 7
Additional paid-in capital 142,423 121,665
Accumulated deficit (132,500) (116,995)
Total stockholders’ equity 9,923 4,677
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 17,624 9,527
Series A Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series B Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series C Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series D Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series E preferred stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series F preferred stock ("Series F")    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series F-1 Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Series F-2 Preferred Stock    
STOCKHOLDERS’ EQUITY:    
Preferred stock, value $ 0 $ 0