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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 21,304 $ 49,224
Prepaid expenses and other current assets 1,118 1,019
Total current assets 22,422 50,243
Long-term assets    
Property and equipment, net 33 19
Operating lease right-of-use assets 421 124
Finance lease right-of-use assets   15
Intangible assets, net 12,637 14,581
Other long-term assets 40  
Total assets 35,553 64,982
Current liabilities    
Accounts payable 3,254 3,489
Accrued compensation 728 1,005
Accrued clinical trial site costs 3,420 3,789
Operating lease liabilities 282 139
Other current liabilities 323 196
Total current liabilities 8,007 8,618
Long-term liabilities    
Contingent liability for Essentialis purchase price 9,547 10,278
Long-term lease liabilities 175 0
Total liabilities 17,760 19,435
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.001 par value, 250,000,000 shares authorized, 79,864,310 and 79,615,692 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively. 80 80
Additional paid-in-capital 231,068 227,912
Accumulated deficit (213,355) (182,445)
Total stockholders’ equity 17,793 45,547
Total liabilities and stockholders’ equity 35,553 64,982
2018 PIPE Warrant Liability [Member]    
Long-term liabilities    
Warrant liability $ 31 $ 539