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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 52,432 $ 98,183
Restricted cash 25 25
Short-term available-for-sale securities 98,288 106,446
Prepaid and other current assets 11,237 5,548
Total current assets 161,982 210,202
Property and equipment, net 150 166
Other assets 290 706
Total assets 162,422 211,074
Current liabilities:    
Accounts payable 6,843 2,065
Accrued expenses 10,194 6,048
Term loan, current 2,500  
Total current liabilities 19,537 8,113
Term loan, non-current, net 16,898  
Other non-current liability 30  
Total liabilities 36,465 8,113
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 10,000,000 shares authorized as of December 31, 2021 and 2020, respectively, no shares issued and outstanding as of December 31, 2021 and 2020, respectively
Common stock, $0.001 par value, 100,000,000 shares authorized as of December 31, 2021 and 2020, respectively; 20,317,204 and 19,931,660 shares issued and outstanding as of December 31, 2021 and 2020, respectively 20 20
Additional paid-in capital 339,218 326,046
Accumulated other comprehensive loss (64) (10)
Accumulated deficit (213,217) (123,095)
Total stockholders’ equity 125,957 202,961
Total liabilities and stockholders’ equity $ 162,422 $ 211,074