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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 18,099 $ 36,773
Short-term investments 62,233 54,270
Prepaid expenses and other current assets 3,083 2,704
Total current assets 83,415 93,747
Property and equipment, net 125 148
Operating lease right-of-use asset 552 266
Other assets 1,689 1,830
Total assets 85,781 95,991
Current Liabilities:    
Accounts payable 2,080 2,540
Accrued expenses 7,048 7,193
Operating lease liability 384 278
Current portion of long-term debt 2,143 0
Total current liabilities 11,655 10,011
Long-term debt, net 22,834 24,877
Operating lease liabilities, less current portion 179 0
Stockholders' equity:    
Convertible preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2023; 10,248 shares issued and outstanding as of March 31, 2023 and December 31, 2022 5,452 5,452
Common stock, $0.0001 par value; 400,000,000 shares authorized; 38,410,935 and 38,345,140 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 4 4
Additional paid-in capital 272,827 270,699
Accumulated other comprehensive loss (87) (178)
Accumulated deficit (227,083) (214,874)
Total stockholders' equity (deficit) 51,113 61,103
Total liabilities and stockholders' equity (deficit) $ 85,781 $ 95,991