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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 24,228 $ 60,383
Short-term investments 14,932 0
Restricted cash 62 62
Prepaid materials, net 3,010 3,010
Prepaid expenses and other current assets 1,847 1,780
Total current assets 44,079 65,235
Property and equipment, net 536 281
Intangibles, net 62 83
Right of use asset 2,039 2,564
Other assets 0 291
Total assets 46,716 68,454
Current liabilities:    
Accounts payable 175 285
Accrued liabilities 961 821
Accrued research and development expenses 1,252 810
Accrued compensation 2,205 2,016
Current portion of term loan, less debt issuance costs 4,511 0
Other current liabilities 2,553 1,295
Total current liabilities 11,657 5,227
Operating lease liability, less current portion 1,768 2,417
Term loan, less current portion and debt issuance costs 0 4,673
Other long-term liabilities 0 1,179
Total liabilities 13,425 13,496
Commitments and Contingencies
Stockholders’ equity (deficit):    
Common stock, $0.001 par value; 300,000,000 and 400,000,000 shares authorized at December 31, 2022 and 2021, respectively; 16,840,261 and 14,597,118 shares issued and outstanding at December 31, 2022 and 2021, respectively 17 15
Additional paid-in capital 516,457 509,791
Accumulated other comprehensive loss (12) 0
Accumulated deficit (483,176) (454,853)
Total stockholders’ equity 33,291 54,958
Total liabilities and stockholders’ equity 46,716 68,454
Class A-1 Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Convertible preferred stock 0 0
Class A-2 Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Convertible preferred stock 1 1
Class A-3 Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Convertible preferred stock 0 0
Class A-4 Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Convertible preferred stock $ 4 $ 4