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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,430 $ 15,752
Marketable securities 8,968 54,602
Restricted Cash 40,000 0
Unbilled receivable 218 0
Prepaid expenses and other assets 2,725 3,974
Total current assets 57,341 74,328
Property and equipment, net 4,044 3,894
Operating lease right-of-use asset 1,582 1,608
Other non-current assets 469 295
Total assets 63,436 80,125
Current liabilities:    
Accounts payable 714 845
Accrued expenses and other current liabilities 2,414 3,266
Operating lease liability 283 245
Financing lease liability 7 6
Debt, net 42,293 41,693
Total current liabilities 45,711 46,055
Operating lease liability 1,379 1,449
Financing lease liability 13 16
Total liabilities 47,103 47,520
Commitments and Contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2022 and December 31, 2021 0 0
Common stock, $0.0001 par value; 200,000,000 authorized; 27,624,197 shares issued and 27,519,053 shares outstanding as of June 30, 2022 and December 31, 2021 3 3
Treasury stock, at cost, 105,144 shares as of June 30, 2022 and December 31, 2021 0 0
Additional paid-in capital 173,998 171,597
Accumulated deficit (157,604) (138,966)
Accumulated other comprehensive loss (64) (29)
Total stockholders’ equity 16,333 32,605
Total liabilities and stockholders’ equity $ 63,436 $ 80,125