XML 16 R2.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 102,038 $ 65,500
Research and development incentive receivable 2,071 2,099
Prepaid expenses and other current assets 590 351
Total current assets 104,699 67,950
Property and equipment, net 16 20
Right of use assets, net 569 669
Research and development incentive receivable, net of current portion 272  
Deferred costs   576
Other long term assets 15 30
Deposits 976 1,108
Total assets 106,547 70,353
Current liabilities:    
Accounts payable 5,498 5,657
Accrued expenses 4,388 5,152
Lease liability - current portion 425 416
Total current liabilities 10,311 11,225
Non current liabilities:    
Lease liability, net of current portion 152 262
Series X preferred stock warrant liability 40  
Total liabilities 10,503 11,487
Mezzanine equity:    
Series X Convertible Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 136,248 and 0 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 67,715  
Stockholders' equity:    
Common stock, $0.001 par value; 240,000,000 shares authorized; 119,410,992 and 99,021,376 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 119 99
Additional paid-in capital 387,886 376,807
Accumulated other comprehensive income 355 128
Accumulated deficit (360,031) (318,168)
Total stockholders' equity 28,329 58,866
Total liabilities, mezzanine equity and stockholders' equity $ 106,547 $ 70,353