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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 21,837 $ 46,156
Restricted cash 0 1,501
Accounts receivable, interest and other receivables 0 205
Prepaid expenses and other current assets 1,964 1,269
Total current assets 23,801 49,131
Property and equipment, net 22 12
Total assets 23,823 49,143
Current liabilities:    
Accounts payable 486 90
Accrued expenses and other current liabilities 2,477 3,849
Warrant derivative liability 809 2,773
Total current liabilities 3,772 6,712
Total liabilities 3,772 6,712
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, 2022 and December 31, 2021, 452,000 shares issued and outstanding at December 31, 2022 and December 31, 2021 18,036 18,036
Stockholders’ equity:    
Common stock, $0.01 par value; 160,000,000 shares authorized at December 31, 2022 and 80,000,000 shares authorized at December 31, 2021; 8,682,447 shares issued and 8,614,701 shares outstanding at December 31, 2022; 8,497,025 shares issued and 8,429,279 shares outstanding at December 31, 2021 87 85
Treasury stock: 67,746 shares held at December 31, 2022 and December 31, 2021 (5,056) (5,056)
Additional paid-in capital 582,763 580,156
Accumulated other comprehensive loss (354) (338)
Accumulated deficit (575,425) (550,452)
Total stockholders’ equity 2,015 24,395
Total liabilities, redeemable preferred stock and stockholders’ equity $ 23,823 $ 49,143