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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 104,749 $ 104,055
Prepaid expenses and other current assets 2,644 2,415
Total current assets 107,393 106,470
Property and equipment, net 141 52
Operating lease right-of-use assets 788 318
Other assets 1,045 647
TOTAL ASSETS 109,367 107,487
CURRENT LIABILITIES:    
Accrued and other liabilities 10,726 7,148
Accounts payable 2,158 2,205
Total current liabilities 12,884 9,353
Operating lease liabilities 485 175
TOTAL LIABILITIES 13,369 9,528
Commitments and Contingencies (Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of December 31, 2021 and December 31, 2020; nil shares issued and outstanding as of December 31, 2021 and December 31, 2020
Common stock, $0.001 par value; 500,000,000 shares authorized as of December 31, 2021 and December 31, 2020; 15,571,656 and 11,128,484 shares issued and outstanding as of December 31, 2021 and 2020 16 11
Additional paid-in capital 1,037,230 944,537
Accumulated deficit (941,248) (846,589)
TOTAL STOCKHOLDERS’ EQUITY 95,998 97,959
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 109,367 $ 107,487