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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 17,966 $ 18,592
Prepaid expenses and other current assets 1,502 1,960
Total current assets 19,468 20,552
Other assets 613 733
Total assets 20,081 21,285
Current liabilities:    
Accounts payable 1,976 3,890
Accrued expenses and other 7,913 9,058
Accrued dividends payable 64 64
Total current liabilities 9,953 13,012
Convertible notes payable and accrued interest, net of discounts - related party (Note 3) 30,433 29,964
Derivative liabilities (Note 4) 852 573
Borrowing and accrued interest under convertible line of credit, net of debt discount - related party (Note 9) 29,926 9,864
Other liabilities 44 66
Total liabilities 71,208 53,479
Commitments and contingencies (Note 10)
Series C super dividend redeemable convertible preferred stock; 1,000 shares authorized, 176 shares issued and outstanding at June 30, 2023 and December 31, 2022, redemption value: $8,282,000, liquidation value: $1,760,000 at June 30, 2023 1,723 1,723
Stockholders' equity (deficit):    
Undesignated stock, $0.01 par value; 20,000,000 shares authorized, 20,000,000 designated at June 30, 2023 and December 31, 2022, respectively 0 0
Series A 12% convertible preferred stock; 1,742,500 shares authorized, 1,260,000 issued and outstanding at June 30, 2023 and December 31, 2022, liquidation value $1,260,000 at June 30, 2023 510 510
Common stock, $0.001 par value; 150,000,000 shares authorized at June 30, 2023 and December 31, 2022, 59,582,253 and 59,426,005 issued and outstanding at June 30, 2023 and December 31, 2022, respectively 59 59
Additional paid-in capital 276,852 275,081
Accumulated deficit (330,271) (309,567)
Total stockholders' equity (deficit) (52,850) (33,917)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) $ 20,081 $ 21,285