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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 51,630 $ 74,268
Restricted cash 182 182
Short-term investments 13,788 1,010
Prepaid expenses 2,567 2,791
Other current assets 59 24
Total current assets 68,226 78,275
Property and equipment, net 66 69
Right-of-use lease assets - operating, net 318 410
Deposits and other assets 283 283
Total assets 68,893 79,037
Current liabilities    
Accounts payable 445 544
Accrued expenses 3,477 3,995
Term loan, short-term 9,826 9,805
Lease obligation - operating, short-term 356 476
Other current liabilities 71 26
Total current liabilities 14,175 14,846
Term loan, long-term 4,913 7,354
Lease obligation - operating, long-term 10  
Other liabilities 402 367
Total liabilities 19,500 22,567
Commitments and contingencies (Note 11)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized and no shares issued and outstanding
Common stock, $0.0001 par value; 150,000,000 shares authorized as of March 31, 2022; 27,366,707 and 27,371,488 shares issued and outstanding as of December 31, 2021 and March 31, 2022, respectively 3 3
Additional paid-in capital 246,823 246,166
Accumulated deficit (197,429) (189,698)
Accumulated other comprehensive loss (4) (1)
Total stockholders’ equity 49,393 56,470
Total liabilities and stockholders’ equity $ 68,893 $ 79,037