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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
[1]
Current assets:    
Cash and cash equivalents $ 21,505 $ 24,780
Short-term investments 101,668 115,438
Prepaid and other current assets 3,658 5,928
Total current assets 126,831 146,146
Property and equipment, net 142 165
Operating lease right-of-use asset 355 386
Other assets 450 443
Total assets 127,778 147,140
Current liabilities:    
Accounts payable 3,029 6,112
Accrued research and development 5,374 4,349
Other accrued liabilities 4,480 5,694
Operating lease liability, current portion 161 160
Total current liabilities 13,044 16,315
Operating lease liability, net of current portion 219 252
Other long-term liabilities 64 69
Total liabilities 13,327 16,636
Commitments and contingencies
Stockholders' equity:    
Common Stock, $0.001 par value; 250,000,000 shares authorized as of March 31, 2022 and December 31, 2021, respectively; 26,526,878 shares (comprised of 18,799,408 shares of common stock and 7,727,470 shares of non-voting common stock) and 26,475,812 shares (comprised of 18,748,342 shares of common stock and 7,727,470 shares of non-voting common stock) issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 27 27
Additional paid-in capital 222,171 220,530
Accumulated other comprehensive loss (389) (89)
Accumulated deficit (107,358) (89,964)
Total stockholders' equity 114,451 130,504
Total liabilities and stockholders' equity $ 127,778 $ 147,140
[1] The balance sheet at December 31, 2021 has been derived from the audited financial statements included in Rain Therapeutics Inc.’s Annual Report on Form 10-K filed on March 3, 2022.