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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 92,199,000 $ 103,554,000
Prepaid expenses and other current assets 3,174,000 1,719,000
Total current assets 95,373,000 105,273,000
Property and equipment, net 210,000 242,000
Operating lease right-of-use asset 549,000 640,000
Other assets 2,255,000 2,397,000
Total assets 98,387,000 108,552,000
Current Liabilities:    
Accounts payable 3,222,000 2,901,000
Accrued expenses 4,152,000 5,802,000
Operating lease liability 392,000 381,000
Total current liabilities 7,766,000 9,084,000
Long-term debt, net 4,841,000 4,819,000
Operating lease liabilities, less current portion 175,000 278,000
Stockholders' equity (deficit):    
Convertible preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2022; 10,248 shares issued and outstanding as of March 31, 2022 and December 31, 2021 5,452,000 5,452,000
Common stock, $0.0001 par value; 400,000,000 shares authorized; 37,486,177 and 37,424,863 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 4,000 4,000
Additional paid-in capital 256,372,000 254,592,000
Accumulated deficit (176,223,000) (165,677,000)
Total stockholders' equity (deficit) 85,605,000 94,371,000
Total liabilities and stockholders' equity (deficit) $ 98,387,000 $ 108,552,000