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  • Mar 27, 2024

      Show headlines and story abstract
    • 8:01AM ET on Wednesday Mar 27, 2024 by Dow Jones
      Companies Mentioned: PALI
    • 8:00AM ET on Wednesday Mar 27, 2024 by GlobeNewswire
      Companies Mentioned: PALI
    • 8:00AM ET on Wednesday Mar 27, 2024 by Dow Jones
      Companies Mentioned: PALI

      (in thousands, except share and per share amounts)
      December 31, --------------------- 2023 2022 --------- --------- ASSETS Current assets: Cash and cash equivalents $ 12,432 $ 12,383 Prepaid expenses and other current assets 896 2,350 -------- -------- Total current assets 13,328 14,733 Restricted cash 26 26 Property and equipment, net 10 10 Operating lease right-of-use asset 198 300 Other noncurrent assets 490 694 -------- -------- Total assets $ 14,052 $ 15,763 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 698 $ 1,759 Accrued liabilities 831 574 Accrued compensation and benefits 778 486 Current portion of operating lease liability 121 105 Insurance financing debt 158 88 -------- -------- Total current liabilities 2,586 3,012 Warrant liability 2 61 Contingent consideration obligation 61 -- Operating lease liability, net of current portion 90 211 -------- -------- Total liabilities 2,739 3,284 Commitments and contingencies Stockholders' equity: Series A Convertible Preferred Stock, $0.01 par value, 7,000,000 shares authorized; 200,000 issued and outstanding at December 31, 2023 and December 31, 2022 2 2 Common stock, $0.01 par value; 280,000,000 shares authorized; 9,270,894 and 2,944,306 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 93 30 Additional paid-in capital 132,724 121,637 Accumulated deficit (121,506) (109,190) -------- -------- Total stockholders' equity 11,313 12,479 -------- -------- Total liabilities and stockholders' equity $ 14,052 $ 15,763 ======== ========
    • 8:00AM ET on Wednesday Mar 27, 2024 by Dow Jones
      Companies Mentioned: PALI

      (in thousands, except share and per share amounts)
      December 31, --------------------- 2023 2022 --------- --------- ASSETS Current assets: Cash and cash equivalents $ 12,432 $ 12,383 Prepaid expenses and other current assets 896 2,350 -------- -------- Total current assets 13,328 14,733 Restricted cash 26 26 Property and equipment, net 10 10 Operating lease right-of-use asset 198 300 Other noncurrent assets 490 694 -------- -------- Total assets $ 14,052 $ 15,763 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 698 $ 1,759 Accrued liabilities 831 574 Accrued compensation and benefits 778 486 Current portion of operating lease liability 121 105 Insurance financing debt 158 88 -------- -------- Total current liabilities 2,586 3,012 Warrant liability 2 61 Contingent consideration obligation 61 -- Operating lease liability, net of current portion 90 211 -------- -------- Total liabilities 2,739 3,284 Commitments and contingencies Stockholders' equity: Series A Convertible Preferred Stock, $0.01 par value, 7,000,000 shares authorized; 200,000 issued and outstanding at December 31, 2023 and December 31, 2022 2 2 Common stock, $0.01 par value; 280,000,000 shares authorized; 9,270,894 and 2,944,306 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 93 30 Additional paid-in capital 132,724 121,637 Accumulated deficit (121,506) (109,190) -------- -------- Total stockholders' equity 11,313 12,479 -------- -------- Total liabilities and stockholders' equity $ 14,052 $ 15,763 ======== ========