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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating expenses:        
Research and development $ 11,241,000 $ 6,827,000 $ 18,707,000 $ 12,847,000
General and administrative 5,862,000 4,899,000 12,415,000 9,782,000
Total operating expenses 17,103,000 11,726,000 31,122,000 22,629,000
Loss from operations (17,103,000) (11,726,000) (31,122,000) (22,629,000)
Other income:        
Interest income 95,000 75,000 158,000 108,000
Total other income, net 95,000 75,000 158,000 108,000
Net loss before provision for income taxes (17,008,000) (11,651,000) (30,964,000) (22,521,000)
Provision for income taxes (38,000) 0 (98,000) 0
Net loss (17,046,000) (11,651,000) (31,062,000) (22,521,000)
Cumulative dividends on convertible preferred stock       (2,309,000)
Net loss attributable to common stockholders $ (17,046,000) $ (11,651,000) $ (31,062,000) $ (24,830,000)
Net loss per share attributable to common stockholders, basic and diluted $ (0.68) $ (0.47) $ (1.24) $ (1.34)
Weighted average shares of common stock outstanding, basic and diluted 24,958,678 24,865,112 24,956,932 18,520,536
Comprehensive loss:        
Net loss $ (17,046,000) $ (11,651,000) $ (31,062,000) $ (22,521,000)
Other comprehensive loss:        
Unrealized (loss) gain on available-for-sale securities, net of tax of $0 (61,000) 26,000 (456,000) 6,000
Total other comprehensive income (loss) (61,000) 26,000 (456,000) 6,000
Comprehensive loss $ (17,107,000) $ (11,625,000) $ (31,518,000) $ (22,515,000)