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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 7,874,000 $ 14,602,000
Prepaid expenses and other current assets 1,253,000 1,045,000
Total current assets 9,127,000 15,647,000
Long-term assets    
Property and equipment, net 22,000 26,000
Operating lease right-of-use assets 53,000 131,000
Intangible assets, net 10,207,000 10,693,000
Other long-term assets 126,000  
Total assets 19,535,000 26,497,000
Current liabilities    
Accounts payable 2,778,000 1,777,000
Accrued compensation 721,000 1,675,000
Accrued clinical trial site costs 3,531,000 3,222,000
Operating lease liabilities 39,000 155,000
Other current liabilities 692,000 484,000
Total current liabilities 7,761,000 7,313,000
Long-term liabilities    
Contingent liability for Essentialis purchase price 9,134,000 8,835,000
Total liabilities 16,896,000 16,149,000
Commitments and contingencies (Note 6)
Stockholders’ equity    
Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized, 8,168,788 and 8,159,382 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 8,000 8,000
Additional paid-in-capital 248,393,000 247,762,000
Accumulated deficit (245,778,000) (237,422,000)
Accumulated other comprehensive income 16,000  
Total stockholders’ equity 2,639,000 10,348,000
Total liabilities and stockholders’ equity 19,535,000 26,497,000
2018 PIPE Warrant Liability [Member]    
Long-term liabilities    
Warrant liability $ 1,000 $ 1,000