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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 41,289 $ 74,268
Restricted cash   182
Short-term investments 3,897 1,010
Prepaid expenses 1,643 2,791
Other current assets 340 24
Total current assets 47,169 78,275
Restricted cash 182  
Property and equipment, net 62 69
Right-of-use lease assets - operating, net 677 410
Deposits and other assets 310 283
Total assets 48,400 79,037
Current liabilities    
Accounts payable 996 544
Accrued expenses 5,178 3,995
Term loan, short-term 9,880 9,805
Lease obligation - operating, short-term 594 476
Other current liabilities 528 26
Total current liabilities 17,176 14,846
Term loan, long-term   7,354
Lease obligation - operating, long-term 114  
Other liabilities   367
Total liabilities 17,290 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 September 30, 2022; 27,366,707 and 27,402,121 shares issued and outstanding as of December 31, 2021 and September 30, 2022, respectively 3 3
Additional paid-in capital 248,395 246,166
Accumulated deficit (217,288) (189,698)
Accumulated other comprehensive loss   (1)
Total stockholders’ equity 31,110 56,470
Total liabilities and stockholders’ equity $ 48,400 $ 79,037