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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating expenses:        
Research and development $ 1,928 $ 624 $ 4,204 $ 1,630
In-process research and development 0 0 0 30,117
General and administrative 2,075 2,392 7,259 6,080
Restructuring costs (Note 10) 410 0 410 0
Total operating expenses 4,413 3,016 11,873 37,827
Loss from operations (4,413) (3,016) (11,873) (37,827)
Other income (expense):        
Gain on forgiveness of PPP loan 0 0 0 279
Loss on issuance of secured debt 0 0 0 (686)
Gain on change in fair value of warrant liability 385 12,764 2,403 17,939
Gain on change in fair value of share liability 0 18 0 91
Interest expense (4) (26) (10) (2,393)
Other income 41 20 50 36
Loss on issuance of LBS Series 1 Preferred Stock 0 0 0 (1,881)
Loss on issuance of warrants 0 (1,673) (1,110) (3,247)
Total other income (expense) 422 11,103 1,333 10,138
Net (loss) income $ (3,991) $ 8,087 $ (10,540) $ (27,689)
(Loss) income per common share:        
Basic net (loss) income per common share $ (0.08) $ 0.42 $ (0.37) $ (3.50)
Diluted net (loss) income per common share $ (0.08) $ 0.42 $ (0.37) $ (4.13)
Weighted average shares used in computing (loss) income per common share:        
Weighted average shares used in calculating basic (loss) income per share 48,709,846 12,100,292 28,634,209 7,902,104
Weighted average shares used in calculating diluted (loss) income per share 48,709,846 12,106,771 28,634,209 7,952,998
Net (loss) income attributable to common shares - basic $ (3,991) $ 5,118 $ (10,540) $ (27,689)
Net (loss) income attributable to common shares - diluted $ (3,991) $ 5,119 $ (10,540) $ (32,808)