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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 55,902 $ 45,917
Marketable securities, available for sale 18,027 44,363
Prepaid expenses and other current assets 1,906 2,697
Total current assets 75,835 92,977
Property and equipment, net 88 98
Other non-current assets 975 1,086
Total assets 76,898 94,161
Current liabilities:    
Accounts payable 4,043 6,362
Accrued expenses 9,491 9,330
Total current liabilities 13,534 15,692
Non-current liabilities:    
Long-term debt, net of discount 29,600 29,435
Restricted stock repurchase liability 0 2
Total liabilities 43,134 45,129
Commitments and contingencies (see note 12)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2023 and December 31, 2022; no shares issued or outstanding as of March 31, 2023 and December 31, 2022, respectively 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized as of March 31, 2023 and December 31, 2022, respectively; 23,819,751 and 23,345,115 shares issued as of March 31, 2023 and December 31, 2022, respectively; 23,786,337 and 23,312,529 outstanding as of March 31, 2023 and December 31, 2022, respectively 2 2
Additional paid-in capital 201,185 199,492
Accumulated other comprehensive loss (51) (161)
Treasury stock; 33,414 and 28,641 shares as of March 31, 2023 and December 31, 2022, respectively; at cost (47) (35)
Accumulated deficit (167,325) (150,266)
Total stockholders' equity 33,764 49,032
Total liabilities and stockholders' equity $ 76,898 $ 94,161