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Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 7,628 $ 3,600
Investments 24,754 42,333
Prepaid expenses and other current assets 1,143 2,219
Restricted cash 25 25
Total current assets 33,550 48,177
Operating lease, right-of-use asset 98 152
Other non-current assets 24 24
Property and equipment, net 98 128
Total assets 33,770 48,481
Current liabilities:    
Accounts payable 1,741 1,210
Accrued expenses and other current liabilities 3,310 3,205
Operating lease liability, current portion 100 93
Total current liabilities 5,151 4,508
Operating lease liability, net of current portion   69
Total liabilities 5,151 4,577
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized and no shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively
Common stock, $0.001 par value; 300,000,000 shares authorized at June 30, 2022 and December 31, 2021, respectively; 90,823,597 and 90,573,597 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 91 91
Additional paid-in capital 290,499 289,282
Accumulated other comprehensive loss (101) (13)
Accumulated deficit (261,870) (245,456)
Total stockholders’ equity 28,619 43,904
Total liabilities and stockholders’ equity $ 33,770 $ 48,481