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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 129,849,000 $ 148,989,000
Accounts receivable 2,708,000  
Inventory 202,000  
Prepaid expenses and other current assets 2,861,000 2,283,000
Total current assets 135,620,000 151,272,000
Property and equipment, net 101,000 57,000
Operating lease right-of-use asset 518,000 557,000
Intangible asset, net 3,743,000 3,811,000
Other assets 2,337,000 2,213,000
Total assets 142,319,000 157,910,000
Current liabilities:    
Accounts payable 4,010,000 6,439,000
Accrued liabilities 7,337,000 8,703,000
Operating lease liabilities, current portion 163,000 131,000
Total current liabilities 11,510,000 15,273,000
Operating lease liabilities, net of current portion 424,000 474,000
Due to licensor (Note 6) 5,757,000 5,757,000
Total liabilities 17,691,000 21,504,000
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2022 and December 31, 2021
Common stock, $0.0001 par value; 300,000,000 shares authorized; 20,941,973 and 20,894,695 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 2,000 2,000
Additional paid-in capital 281,168,000 279,089,000
Accumulated deficit (156,542,000) (142,685,000)
Total stockholders’ equity 124,628,000 136,406,000
Total liabilities and stockholders’ equity $ 142,319,000 $ 157,910,000