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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 18,362 $ 36,632
Short-term investments – available for sale 117,302 118,853
Prepaid clinical trial and preclinical study costs 9,878 8,144
Prepaid expenses and other current assets 3,926 3,411
Total current assets 149,468 167,040
Right-of-use assets 1,346 1,418
Deferred financing costs 48 38
Deposits 33 33
Total assets 150,895 168,529
Current liabilities:    
Accounts payable 3,799 8,529
Other accrued liabilities 11,541 13,114
Lease liability, current 309 304
Total current liabilities 15,649 21,947
Lease liability, net of current portion 1,181 1,260
Total long-term liabilities 1,181 1,260
Total liabilities 16,830 23,207
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized at March 31, 2023 and December 31, 2022; no shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock, $0.00001 par value: 300,000,000 shares authorized at March 31, 2023 and December 31, 2022; 79,319,081 shares issued and outstanding at March 31, 2023 and 78,257,258 shares issued and outstanding at December 31, 2022 1 1
Treasury stock at cost, 2,193,251 shares at March 31, 2023 and December 31, 2022 (6,795) (6,795)
Additional paid-in capital 453,057 445,267
Accumulated deficit (311,580) (292,049)
Accumulated other comprehensive loss (618) (1,102)
Total stockholders’ equity 134,065 145,322
Total liabilities and stockholders’ equity $ 150,895 $ 168,529