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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 46,156 $ 35,495
Restricted cash 1,501 1,501
Accounts receivable, interest and other receivables 205 2
Prepaid expenses and other current assets 1,269 802
Assets held for sale 0 1,643
Total current assets 49,131 39,443
Operating lease right-of-use assets 0 645
Property and equipment, net 12 189
Other assets 0 307
Total assets 49,143 40,584
Current liabilities:    
Accounts payable 90 891
Accrued expenses and other current liabilities 3,849 4,165
Warrant derivative liability 2,773 10,345
Private placement option liability 0 7,803
Current portion of lease liabilities 0 825
Liabilities held for sale 0 672
Total current liabilities 6,712 24,701
Long-term lease liabilities 0 344
Total liabilities 6,712 25,045
Commitments and contingencies
Redeemable Preferred stock: $0.01 par value; 10,000,000 shares authorized series 1 redeemable convertible preferred stock, $0.01 par value, 1,517,500 shares authorized at December 31, 2021 and December 31, 2020, 452,000 shares issued and outstanding at December 31, 2021 and December 31, 2020 18,036 18,036
Stockholders’ equity (deficit):    
Common stock, $0.01 par value; 80,000,000 shares authorized at December 31, 2021 and December 31, 2020, respectively; 8,497,025 shares issued and 8,429,279 shares outstanding at December 31, 2021; 8,385,650 shares issued and 8,317,904 shares outstanding at December 31, 2020 85 84
Treasury stock: 67,746 shares held at December 31, 2021 and December 31, 2020 (5,056) (5,056)
Additional paid-in capital 580,156 543,561
Accumulated other comprehensive loss (338) (339)
Accumulated deficit (550,452) (540,747)
Total stockholders’ equity (deficit) 24,395 (2,497)
Total liabilities, redeemable preferred stock and stockholders’ equity (deficit) $ 49,143 $ 40,584