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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 31,230 $ 51,829
Insurance recovery of legal settlement 450 15,000
Prepaid expenses and other current assets 1,270 2,134
Total current assets 32,950 68,963
Property and equipment—net 1,060 1,113
Operating lease right-of-use assets 11,650 3,051
Other noncurrent assets 429 111
Total assets 46,089 73,238
Current liabilities:    
Accounts payable 1,108 991
Accrued legal settlement 450 15,000
Accrued expenses 2,961 1,589
Current operating lease liabilities 1,413 1,442
Accrued compensation 1,248 912
Interest payable 97 92
Total current liabilities 7,277 20,026
Loan payable (net of discount and issuance costs of $454 and $756, respectively) 10,371 15,069
Operating lease liabilities, less current portion 10,330 2,026
Total liabilities 27,978 37,121
Commitments and contingencies (Note 6)
Stockholders' equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized; 10,518,539 and 6,910,324 shares issued and outstanding at December 31, 2022 and 2021, respectively 11 7
Additional paid-in capital 153,872 136,173
Accumulated deficit (135,772) (100,063)
Total stockholders' equity 18,111 36,117
Total liabilities and stockholders' equity $ 46,089 $ 73,238