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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 13,149 $ 16,351
Prepaid expenses 535 97
Other current assets 922 1,153
Total current assets 14,606 17,601
Property, equipment and leasehold improvements, net 152 227
Restricted cash - non-current 150 150
Operating lease right-of-use assets 744 844
Total assets 15,652 18,822
Current liabilities:    
Accounts payable 642 617
Operating lease liabilities 435 396
Accrued expenses 573 1,407
Total current liabilities 1,650 2,420
Other liabilities 109 103
Operating lease liabilities - non-current 417 553
Total liabilities 2,176 3,076
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.00001 par value, authorized 1,000,000 at March 31, 2023 and December 31, 2022. No Preferred Stock issued and outstanding at March 31, 2023 and December 31, 2022.
Common stock, $0.00001 par value, authorized 250,000,000 and 2,000,000 at March 31, 2023 and December 31, 2022, respectively. 3,105,446 and 2,429,446 shares issued and outstanding including 0 and 254 shares of unvested restricted stock awards, at March 31, 2023 and December 31, 2022, respectively. 3 3
Additional paid-in capital 264,424 264,362
Accumulated deficit (250,951) (248,619)
Total stockholders' equity 13,476 15,746
Total liabilities and stockholders' equity $ 15,652 $ 18,822