Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,225 $ 14,217
Short-term investments 30,547 37,932
Restricted cash 338 338
Accounts receivable 3,500
Other receivables 2,227 188
Prepaid expenses and other current assets 1,201 424
Total current assets 44,038 53,099
Property and equipment, net 4,489 5,741
Right-of-use lease assets 4,915 5,331
Other assets 108 43
Total assets 53,550 64,214
Current liabilities:    
Accounts payable 3,477 1,811
Accrued expenses 4,161 3,991
Current portion of lease liability 1,597 1,773
Other current liabilities 205 204
Total current liabilities 9,440 7,779
Long-term lease liabilities 4,377 5,854
Warrant liabilities 26,021 19,657
Total liabilities 44,205 37,453
Stockholders’ equity:    
Preferred stock - $0.01 par value; authorized 2,000,000 shares; No shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares; 21,478,157 and 17,719,720 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 215 177
Additional paid-in capital 730,322 722,049
Accumulated deficit (721,097) (695,336)
Accumulated other comprehensive loss (95) (129)
Total stockholders’ equity 9,345 26,761
Total liabilities and stockholders’ equity 53,550 64,214
Related Party [Member]    
Current liabilities:    
Payable to licensor $ 4,367 $ 4,163