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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 36,830 $ 45,001
Prepaid expenses 886 1,003
Other current assets 241 265
Total current assets 37,957 46,269
Other non-current assets 334 532
Operating lease right-of-use asset 131 227
Property, equipment and leasehold improvements, net 53 103
Total assets 38,475 47,131
Current liabilities:    
Accounts payable 2,849 2,016
Accrued expenses 3,808 3,426
Term loan 5,833  
Term loan derivative liability 114  
Operating lease liability 120 113
Total current liabilities 12,724 5,555
Term loan 8,652 13,954
Term loan derivative liability   196
Operating lease liability 24 144
Total liabilities 21,400 19,849
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock: $0.001 par value; 5,000,000 shares authorized at December 31, 2021 and December 31, 2020; no shares issued or outstanding at December 31, 2021 or December 31, 2020.
Common stock: $0.001 par value; 200,000,000 shares authorized at December 31, 2021 and December 31, 2020; and 28,505,804 and 18,546,786 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively. 29 19
Additional paid-in capital 197,963 174,240
Accumulated deficit (180,917) (146,977)
Total stockholders’ equity 17,075 27,282
Total liabilities and stockholders’ equity $ 38,475 $ 47,131