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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 29,113 $ 36,830
Prepaid expenses 477 886
Other current assets 249 241
Total current assets 29,839 37,957
Other non-current assets 398 334
Operating lease right-of-use asset 107 131
Property, equipment and leasehold improvements, net 42 53
Total assets 30,386 38,475
Current liabilities:    
Accounts payable 1,738 2,849
Accrued expenses 3,881 3,808
Term loan 7,000 5,833
Term loan derivative liability 125 114
Operating lease liability 123 120
Total current liabilities 12,867 12,724
Term loan 7,056 8,652
Operating lease liability   24
Total liabilities 19,923 21,400
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock: $0.001 par value; 5,000,000 shares authorized at March 31, 2022 and December 31, 2021; no shares issued or outstanding at March 31, 2022 and December 31, 2021.
Common stock: $0.001 par value; 200,000,000 shares authorized at March 31, 2022 and December 31, 2021; and 30,805,804 and 28,505,804 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively. 31 29
Additional paid-in capital 198,678 197,963
Accumulated deficit (188,246) (180,917)
Total stockholders’ equity 10,463 17,075
Total liabilities and stockholders’ equity $ 30,386 $ 38,475