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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 18,592,000 $ 39,648,000
Prepaid expenses and other current assets 1,960,000 2,172,000
Total current assets 20,552,000 41,820,000
Property and equipment, net 0 0
Other 733,000 7,000
Total assets 21,285,000 41,827,000
Current liabilities:    
Accounts payable 3,890,000 1,805,000
Accrued expenses 9,058,000 7,163,000
Accrued dividends payable 64,000 65,000
Total current liabilities 13,012,000 9,033,000
Convertible note payable and accrued interest, net of debt discount - related party (Note 5) 29,964,000 29,048,000
Derivative liabilities (Note 6) 573,000 1,130,000
Borrowing and accrued interest under convertible line of credit, net of debt discount - related party (Note 10) 9,864,000 0
Other liabilities 66,000 0
Total liabilities 53,479,000 39,211,000
Commitments and contingencies (Note 12)
Series C 6% super dividend redeemable convertible preferred stock; 1,000 shares authorized, 176 issued and outstanding at December 31, 2022 and 2021, redemption value: $8,335,000, liquidation value: $1,786,000 at December 31, 2022 1,723,000 1,723,000
Stockholders' equity (deficit):    
Undesignated stock, $0.01 par value; 20,000,000 shares authorized at December 31, 2022 and 2021, 20,000,000 shares designated at December 31, 2022 and 2021, respectively 0 0
Series A 12% convertible preferred stock; 1,742,500 shares authorized, 1,260,000 and 1,302,500 issued and outstanding at December 31, 2022 and 2021, respectively, liquidation value $1,260,000 at December 31, 2022 510,000 527,000
Common stock, $0.001 par value; 150,000,000 shares authorized at December 31, 2022 and 2021, 59,426,005 and 59,341,305 issued and outstanding at December 31, 2022 and 2021, respectively 59,000 59,000
Additional paid-in capital 275,081,000 271,001,000
Retained deficit (309,567,000) (270,694,000)
Total stockholders' equity (deficit) (33,917,000) 893,000
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) $ 21,285,000 $ 41,827,000