Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 14,217 $ 32,938
Short-term investments 37,932 12,086
Restricted cash 338 5,891
Accounts receivable 3,000
Other receivables 188
Prepaid expenses and other current assets 424 2,377
Total current assets 53,099 56,292
Property and equipment, net 5,741 12,339
Right-of-use lease assets 5,331 9,403
Licensed technology, net 1,384
Other assets 43 168
Total assets 64,214 79,586
Current liabilities:    
Accounts payable 1,811 4,325
Accrued expenses 3,991 5,585
Current portion of lease liability 1,773 1,818
Current portion of payable to licensor 4,599
Other current liabilities 204 296
Total current liabilities 7,779 16,623
Payable to licensor 4,163 3,828
Long-term lease liabilities 5,854 7,560
Warrant liabilities 19,657 9,007
Other long-term liabilities 200
Total liabilities 37,453 37,218
Commitments and contingencies  
Stockholders’ equity:    
Preferred stock - $0.01 par value; authorized 2,000,000 shares; No shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively
Common stock - $0.01 par value; authorized 200,000,000 shares; 17,719,720 and 5,888,217 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 177 1,472
Additional paid-in capital 722,049 696,563
Accumulated deficit (695,336) (655,640)
Accumulated other comprehensive loss (129) (27)
Total stockholders’ equity 26,761 42,368
Total liabilities and stockholders’ equity $ 64,214 $ 79,586