Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,680 $ 14,217
Short-term investments 35,684 37,932
Restricted cash 338 338
Other receivables 519 188
Prepaid expenses and other current assets 1,623 424
Total current assets 42,844 53,099
Property and equipment, net 5,298 5,741
Right-of-use lease assets 5,104 5,331
Other assets 99 43
Total assets 53,345 64,214
Current liabilities:    
Accounts payable 2,857 1,811
Accrued expenses 2,569 3,991
Current portion of lease liability 1,789 1,773
Other current liabilities 205 204
Total current liabilities 7,420 7,779
Long-term lease liabilities 5,530 5,854
Warrant liabilities 17,392 19,657
Total liabilities 34,605 37,453
Commitments and contingencies
Stockholders’ equity:    
Preferred stock - $0.01 par value; authorized 2,000,000 shares; No shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares; 17,929,344 and 17,719,720 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 179 177
Additional paid-in capital 723,069 722,049
Accumulated deficit (704,443) (695,336)
Accumulated other comprehensive loss (65) (129)
Total stockholders’ equity 18,740 26,761
Total liabilities and stockholders’ equity 53,345 64,214
Related Party [Member]    
Current liabilities:    
Payable to licensor $ 4,263 $ 4,163