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Condensed Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 16,947,000 $ 33,892,000
Prepaid expenses and other 1,374,000 1,740,000
Total current assets 18,321,000 35,632,000
Fixed assets, net 367,000 2,564,000
Right-of-use asset, net 150,000 629,000
Total assets 18,838,000 38,825,000
Current liabilities    
Accounts payable and accrued expenses 3,592,000 4,811,000
Lease liability-current portion 332,000 311,000
Total current liabilities 3,924,000 5,122,000
Lease liability-long-term 362,000 614,000
Warrant derivative liability 421,000 5,805,000
Asset retirement obligation 282,000 0
Total liabilities 4,989,000 11,541,000
Commitments and contingencies (Note 5)
Stockholders' equity    
Preferred Stock, par value $0.0001; 10,000,000 shares authorized; none issued
Common Stock, par value $0.0001; 300,000,000 shares authorized; shares issued and outstanding - 15,085,792 as of September 30, 2022 and 15,155,026 as of December 31, 2021 [1] 2,000 2,000
Additional paid-in capital [1] 245,566,000 244,884,000
Accumulated deficit (231,719,000) (217,602,000)
Total stockholders' equity 13,849,000 27,284,000
Total liabilities and stockholders' equity $ 18,838,000 $ 38,825,000
[1] September 30, 2022 and December 31, 2021 balances have been retroactively adjusted to reflect the 15-to-1 reverse stock split effected November 9, 2022.