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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 53,902 $ 60,383
Restricted cash 62 62
Contract and other receivables 8 0
Prepaid materials, net 3,010 3,010
Prepaid expenses and other current assets 951 1,780
Total current assets 57,933 65,235
Property and equipment, net 394 281
Intangibles, net 74 83
Right of use asset 2,436 2,564
Other assets 148 291
Total assets 60,985 68,454
Current liabilities:    
Accounts payable 625 285
Accrued liabilities 827 821
Accrued research and development expenses 608 810
Accrued compensation 858 2,016
Current portion of term loan, less debt issuance costs 826 0
Other current liabilities 957 1,295
Total current liabilities 4,701 5,227
Term loan, less debt issuance costs 3,588 4,673
Lease liability, less current portion 2,262 2,417
Other long-term liabilities 1,193 1,179
Total liabilities 11,744 13,496
Commitments and Contingencies 0 0
Stockholders’ equity:    
Common stock, $0.001 par value; 400,000,000 shares authorized at March 31, 2022 and December 31, 2021; 145,981,180 and 145,971,184 shares issued and outstanding at March 31, 2022 (unaudited) and December 31, 2021, respectively 146 146
Additional paid-in capital 510,662 509,660
Accumulated deficit (461,572) (454,853)
Total stockholders’ equity 49,241 54,958
Total liabilities and stockholders’ equity 60,985 68,454
Class A-1 Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock 0 0
Class A-2 Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock 1 1
Class A-3 Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock 0 0
Class A-4 Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock $ 4 $ 4