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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 52,589 $ 146,284
Marketable securities, available for sale 55,270 0
Prepaid expenses and other current assets 2,215 3,140
Total current assets 110,074 149,424
Property and equipment, net 108 38
Other non-current assets 1,310 32
Total assets 111,492 149,494
Current liabilities:    
Accounts payable 5,665 5,648
Accrued expenses 9,435 3,141
Total current liabilities 15,100 8,789
Non-current liabilities:    
Long-term debt, net of discount 29,268 0
Restricted stock repurchase liability 3 8
Total liabilities 44,371 8,797
Commitments and contingencies (see note 12)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of September 30, 2022 and December 31, 2021; no shares issued or outstanding as of September 30, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized as of September 30, 2022 and December 31, 2021, respectively; 23,308,685 and 23,225,637 issued as of September 30, 2022 and December 31, 2021, respectively; 23,300,796 and 23,205,915 outstanding as of September 30, 2022 and December 31, 2021, respectively 2 2
Additional paid-in capital 198,632 195,881
Accumulated other comprehensive loss (258) 0
Treasury stock; 23,868 shares as of September 30, 2022; at cost 31 0
Accumulated deficit (131,224) (55,186)
Total stockholders' equity 67,121 140,697
Total liabilities and stockholders' equity $ 111,492 $ 149,494