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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 52,437 $ 14,602
Prepaid expenses and other current assets 1,222 1,045
Total current assets 53,659 15,647
Long-term assets    
Property and equipment, net 15 26
Operating lease right-of-use assets 474 131
Intangible assets, net 9,235 10,693
Other long-term assets 165  
Total assets 63,548 26,497
Current liabilities    
Accounts payable 3,216 1,777
Accrued compensation 1,498 1,675
Accrued clinical trial site costs 3,237 3,222
Common stock purchase liability 19,938  
Operating lease liabilities - current 256 155
Other current liabilities 848 484
Total current liabilities 28,993 7,313
Long-term liabilities    
Operating lease liabilities - noncurrent 214  
Contingent liability for Essentialis purchase price 10,468 8,835
Total liabilities 40,328 16,149
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, 15,467,229 and 8,159,382 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 15 8
Additional paid-in-capital 288,320 247,762
Accumulated deficit (265,114) (237,422)
Accumulated other comprehensive loss (1)
Total stockholders’ equity 23,220 10,348
Total liabilities and stockholders’ equity 63,548 26,497
2018 PIPE Warrant Liability [Member]    
Long-term liabilities    
Warrant liability $ 653 $ 1