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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 138,090 $ 183,259
Prepaid expenses and other current assets 7,651 3,267
Total current assets 145,741 186,526
Property, plant and equipment, net 708 650
Operating lease right-of-use assets 1,795 1,914
Other long-term assets 805 341
Total assets 149,049 189,431
Current liabilities:    
Accounts payable (including related party amounts of $82 and $1,343, respectively) 2,858 5,150
Accrued clinical trial expenses   1,402
Accrued expenses (including related party amounts of $872 and $2,330, respectively) 7,565 11,405
Accrued interest 481 477
Operating lease liabilities, current 490 487
Total current liabilities 11,394 18,921
Long-term debt, net of discount 91,037 89,671
Operating lease liabilities 1,083 1,183
Other long-term liabilities 7,500 7,500
Total liabilities 111,014 117,275
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; authorized shares - 40,000,000; no shares issued and outstanding at March 31, 2022 and December 31, 2021
Common stock, $0.0001 par value; authorized shares - 400,000,000; issued shares - 39,072,046 and 31,656,035 at March 31, 2022 and December 31, 2021, respectively; outstanding shares - 38,149,813 and 30,511,226 at March 31, 2022 and December 31, 2021, respectively 3 3
Treasury stock - 19 and 1 at March 31, 2022 and December 31, 2021, respectively
Additional paid-in capital 608,067 601,523
Accumulated deficit (570,035) (529,370)
Total stockholders’ equity 38,035 72,156
Total liabilities and stockholders’ equity $ 149,049 $ 189,431