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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 15,402 $ 21,837
Accounts receivable, interest and other receivables 8 0
Prepaid expenses and other current assets 1,826 1,964
Total current assets 17,236 23,801
Property and equipment, net 24 22
Total assets 17,260 23,823
Current liabilities:    
Accounts payable 1,226 486
Accrued expenses and other current liabilities 3,255 2,477
Warrant derivative liability 235 809
Total liabilities 4,716 3,772
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 March 31, 2023 and December 31, 2022, 425,000 shares issued and outstanding at March 31, 2023 and December 31, 2022 22,564 18,036
Stockholders’ equity:    
Common stock, $0.01 par value; 160,000,000 shares authorized at March 31, 2023 and December 31, 2022, 9,114,044 shares issued and 9,046,298 shares outstanding at March 31, 2023; 8,682,447 shares issued and 8,614,701 shares outstanding at December 31, 2022 91 87
Treasury stock: 67,746 shares held at March 31, 2023 and December 31, 2022 (5,056) (5,056)
Additional paid-in capital 578,790 582,763
Accumulated other comprehensive loss (354) (354)
Accumulated deficit (583,491) (575,425)
Total stockholders’ (deficit) equity (10,020) 2,015
Total liabilities, redeemable preferred stock and stockholders’ (deficit) equity $ 17,260 $ 23,823