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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 13,159 $ 63,458
Marketable securities 29,144 5,993
Accounts receivable - related party 588 507
Prepaid and other current assets 773 1,354
Total current assets 43,664 71,312
Property and equipment, net 353 451
Operating lease right-of-use asset 2,217 3,190
Investment in Angel Pharmaceuticals 21,877 34,266
Other assets 129 236
Total assets 68,240 109,455
Current liabilities:    
Accounts payable 1,976 1,565
Operating lease liability 1,228 1,046
Accrued and other liabilities 7,548 7,081
Total current liabilities 10,752 9,692
Operating lease liability 1,373 2,601
Total liabilities 12,125 12,293
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock: $0.0001 par value; 10,000,000 shares authorized at December 31, 2022 and December 31, 2021; 0 shares issued and outstanding at December 31, 2022 and December 31, 2021
Common stock: $0.0001 par value; 290,000,000 shares authorized at December 31, 2022 and December 31, 2021; 46,553,511 shares issued and outstanding at December 31, 2022 and December 31, 2021 5 5
Additional paid-in capital 364,361 361,669
Accumulated other comprehensive (loss) income (563) 1,869
Accumulated deficit (307,688) (266,381)
Total stockholders' equity 56,115 97,162
Total liabilities and stockholders' equity $ 68,240 $ 109,455