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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenues $ 1,000 $ 5,000 $ 1,000 $ 5,700
Operating expenses        
Research and development 6,850 6,348 16,425 19,531
General and administrative 1,315 1,681 4,216 5,458
Total operating expenses 8,165 8,029 20,641 24,989
Other operating expense        
Loss on dispositions, net 0 14 0 478
Loss from operations (7,165) (3,043) (19,641) (19,767)
Other income (expense):        
Interest income 11 6 38 24
Interest expense 0 0 0 (4)
Change in fair value of warrant derivative and private placement option liabilities (59) 4,264 827 7,506
Other income 0 6 0 5
Total other income (expense) (48) 4,276 865 7,531
Net (loss) income (7,213) 1,233 (18,776) (12,236)
Less: undistributed earnings to participating securities 0 (469) 0 0
Net (loss) income attributable to common shareholders $ (7,213) $ 764 $ (18,776) $ (12,236)
Net loss per common share attributable to common shareholders, basic (in dollars per share) $ (0.23) $ 0.08 $ (0.61) $ (1.21)
Net loss per common share attributable to common shareholders, diluted (in dollars per share) $ (0.23) $ 0.07 $ (0.61) $ (1.21)
Weighted-average shares outstanding, basic (in shares) 30,831,161 10,108,388 30,826,683 10,086,246
Weighted-average shares outstanding, diluted (in shares) 30,831,161 10,194,668 30,826,683 10,086,246
Net (loss) income $ (7,213) $ 1,233 $ (18,776) $ (12,236)
Other comprehensive loss:        
Foreign currency translation adjustment (10) (9) (15) (9)
Comprehensive (loss) income (7,223) 1,224 (18,791) (12,245)
Supply agreement        
Revenues        
Total revenues 0 0 0 700
License revenue        
Revenues        
Total revenues $ 1,000 $ 5,000 $ 1,000 $ 5,000