Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 6,133 $ 32,938
Short-term investments 13,963 12,086
Restricted cash 5,891 5,891
Accounts receivable 1,000 3,000
Other receivables 1,869
Prepaid expenses and other current assets 1,440 2,377
Total current assets 30,296 56,292
Property and equipment, net 7,460 12,339
Right-of-use lease assets 6,943 9,403
Licensed technology, net 1,384
Other assets 20 168
Total assets 44,719 79,586
Current liabilities:    
Accounts payable 1,738 4,325
Accrued expenses 5,331 5,585
Current portion of lease liability 1,798 1,818
Current portion of payable to licensor 4,818 4,599
Deferred revenue 296
Total current liabilities 13,685 16,623
Payable to licensor 4,011 3,828
Other long-term liabilities 200 200
Long-term lease liabilities 6,737 7,560
Total liabilities 24,633 28,211
Stockholders’ equity:    
Preferred stock - $0.01 par value; authorized 2,000,000 shares; No shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares; 5,870,375 and 5,888,217 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 1,467 1,472
Additional paid-in capital 703,379 705,570
Accumulated deficit (684,726) (655,640)
Accumulated other comprehensive loss (34) (27)
Total stockholders’ equity 20,086 51,375
Total liabilities and stockholders’ equity $ 44,719 $ 79,586