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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 11,400,000 $ 8,589,000
Prepaid expenses and other current assets 861,000 816,000
Total current assets 12,261,000 9,405,000
Property and equipment, net 254,000 297,000
Operating lease right-of-use asset 57,000 141,000
TOTAL ASSETS 12,572,000 9,843,000
Current liabilities:    
Accounts payable 265,000 1,061,000
Accrued expenses 1,095,000 980,000
Current portion of long-term debt 74,000 74,000
Operating lease liability 57,208 141,000
Total current liabilities 1,491,000 2,256,000
Long-term debt 138,000 175,000
TOTAL LIABILITIES 1,629,000 2,431,000
Commitments and contingencies (Note 7)
Stockholders’ equity (deficit):    
Common stock, par value of $0.0001 per share; 100,000,000 shares authorized as of June 30, 2022, and December 31, 2021; 42,664,903 and 30,801,962 shares issued as of June 30, 2022 and December 31, 2021, respectively; 42,664,051 and 30,801,110 shares outstanding as of June 30, 2022 and December 31, 2021, respectively 4,000 3,000
Additional paid-in capital 320,789,000 307,281,000
Treasury stock, at cost; 852 shares of common stock as of June 30, 2022 and December 31, 2021, respectively (11,000) (11,000)
Accumulated deficit (309,839,000) (299,861,000)
TOTAL STOCKHOLDERS’ EQUITY 10,943,000 7,412,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 12,572,000 $ 9,843,000