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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 7,410 $ 21,837
Prepaid expenses and other current assets 1,302 1,964
Total current assets 8,712 23,801
Property and equipment, net 21 22
Total assets 8,733 23,823
Current liabilities:    
Accounts payable 472 486
Accrued expenses and other current liabilities 2,487 2,477
Warrant derivative liability 523 809
Total liabilities 3,482 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 June 30, 2023 and December 31, 2022; 452,000 shares issued and outstanding at June 30, 2023 and December 31, 2022 27,091 18,036
Stockholders’ (deficit) equity:    
Common stock, $0.01 par value; 160,000,000 shares authorized at June 30, 2023 and December 31, 2022; 9,564,044 shares issued and 9,496,298 shares outstanding at June 30, 2023; 8,682,447 shares issued and 8,614,701 shares outstanding at December 31, 2022 96 87
Treasury stock: 67,746 shares held at June 30, 2023 and December 31, 2022 (5,056) (5,056)
Additional paid-in capital 574,317 582,763
Accumulated other comprehensive loss (354) (354)
Accumulated deficit (590,843) (575,425)
Total stockholders’ (deficit) equity (21,840) 2,015
Total liabilities, redeemable preferred stock and stockholders’ (deficit) equity $ 8,733 $ 23,823