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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 66,126,000 $ 64,371,000
Accounts receivable 736,000 3,142,000
Prepaid expenses and other current assets 2,142,000 955,000
Total current assets 69,004,000 68,468,000
Property and equipment, net 1,765,000 2,112,000
Operating lease right-of-use 9,899,000 9,810,000
Deposits 3,797,000 2,721,000
Restricted cash 150,000 150,000
Other long-term assets 134,000 140,000
Total assets 84,749,000 83,401,000
Current liabilities:    
Accounts payable 1,568,000 2,591,000
Accrued expenses 3,559,000 4,620,000
Research and development contract liability, current portion 0 645,000
Operating lease liability, current portion 3,196,000 4,932,000
Total current liabilities 8,323,000 12,788,000
Operating lease liability 6,757,000 5,121,000
Long-term debt, net 9,913,000 0
Total liabilities 24,993,000 17,909,000
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized and 0 shares issued and outstanding at June 30, 2022 and December 31, 2021 0 0
Common stock, $0.001 par value; 100,000,000 shares authorized; 35,381,743 and 32,202,496 shares issued and outstanding, at June 30, 2022 and December 31, 2021, respectively 35,000 32,000
Additional paid in capital 284,630,000 262,906,000
Accumulated deficit (224,909,000) (197,446,000)
Total stockholders’ equity 59,756,000 65,492,000
Total liabilities and stockholders’ equity $ 84,749,000 $ 83,401,000