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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 59,599 $ 69,593
Prepaid expenses and other current assets 618 914
Total current assets 60,217 70,507
Property and equipment, net 119 117
SAFE (see Note 1) 8,000
Right-of-use assets 184 228
Deposits and other assets 18 27
Total assets 68,538 70,879
Current liabilities:    
Accounts payable 744 519
Accrued expenses 715 548
Accrued compensation expense 462 748
Accrued clinical trial expenses 219 462
Current operating lease liabilities 199 185
Total current liabilities 2,385 2,462
Long term operating lease liabilities 52
Total liabilities 2,385 2,514
Stockholders’ equity:    
Preferred stock, no par value, 10,000 shares authorized; none outstanding
Common stock, no par value; 300,000 shares authorized; shares issued and outstanding: 39,409 as of March 31, 2022 and December 31, 2021 347,940 347,940
Additional paid-in capital 49,402 49,389
Accumulated other comprehensive loss (392) (379)
Accumulated deficit (330,797) (328,585)
Total stockholders’ equity 66,153 68,365
Total liabilities and stockholders’ equity $ 68,538 $ 70,879