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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash $ 74,810 $ 21,967
Research and development tax credit receivable 4,913 1,686
Other tax receivable 591 113
Prepaid expenses 2,278 220
Prepaid expenses – related party 14
TOTAL CURRENT ASSETS 82,606 23,986
Operating lease – right of use assets 726 156
Other assets 99
Acquired in-process research and development intangible assets 16,514 16,514
TOTAL ASSETS 99,945 40,656
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 3,733 1,518
Accounts payable and accrued liabilities – related parties 80 34
Deferred liabilities 474 190
Operating lease, current liabilities 72 34
TOTAL CURRENT LIABILITIES 4,359 1,776
Long-term debt, less debt discount 14,458
Long-term operating lease liabilities 704 126
Accrued liability – long-term 199
TOTAL LIABILITIES 19,720 1,902
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.001 par value, 200,000,000 shares authorized, 17,843,303 and 13,481,283 shares issued and outstanding, respectively 18 13
Additional paid-in capital 143,921 72,105
Accumulated other comprehensive income 1 11
Accumulated deficit (63,715) (33,375)
TOTAL STOCKHOLDERS’ EQUITY 80,225 38,754
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 99,945 $ 40,656