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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 97,068 $ 104,055
Prepaid expenses and other current assets 5,647 2,415
Total current assets 102,715 106,470
Property and equipment, net 88 52
Operating lease right-of-use assets 867 318
Other assets 557 647
TOTAL ASSETS 104,227 107,487
CURRENT LIABILITIES:    
Accrued and other liabilities 7,781 7,148
Accounts payable 846 2,205
Total current liabilities 8,627 9,353
Operating lease liabilities 543 175
TOTAL LIABILITIES 9,170 9,528
Commitments and Contingencies (Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of September 30, 2021 and December 31, 2020; nil shares issued and outstanding as of September 30, 2021 and December 31, 2020
Common stock, $0.001 par value; 500,000,000 shares authorized as of September 30, 2021 and December 31, 2020; 14,498,953 and 11,128,484 shares issued and outstanding as of September 30, 2021 and December 31, 2020 14 11
Additional paid-in capital 1,010,824 944,537
Accumulated deficit (915,781) (846,589)
TOTAL STOCKHOLDERS’ EQUITY 95,057 97,959
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 104,227 $ 107,487