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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 5,386 $ 8,708
Short-term investments 12,393 17,602
Prepaid expenses and other current assets 1,503 1,704
Total current assets 19,282 28,014
Property and equipment, net 244 241
Operating lease right-of-use assets 68 111
Other assets 567 711
Total assets 20,161 29,077
Current liabilities:    
Accounts payable 1,136 1,486
Accrued expenses 1,982 3,368
Current term loans, net 19,299 19,061
Accrued final payment on term loans, current 1,100 1,100
Lease liabilities, current portion 71 60
Total current liabilities 23,588 25,075
Earn-out liability 0 6
Other accrued liabilities, non-current 493 0
Non-current warrant liability 40 40
Operating lease liabilities, non-current 6 60
Total liabilities 24,127 25,181
Commitments and contingencies
Stockholders' equity (deficit):    
Preferred stock, $0.0001 par value; 100,000,000 shares authorized at September 30, 2023 and December 31, 2022; zero shares issued and outstanding as of September 30, 2023 and December 31, 2022 0 0
Common stock, $0.0001 par value; 1,000,000,000 shares authorized at September 30, 2023 and December 31, 2022; 62,794,656 shares issued and 62,794,656 shares issued and outstanding as of September 30, 2023; 41,990,383 shares issued and 41,690,383 shares issued and outstanding as of December 31, 2022 6 4
Additional paid-in capital 166,276 147,476
Accumulated other comprehensive loss (1) (18)
Accumulated deficit (170,247) (143,566)
Total stockholders' equity (deficit) (3,966) 3,896
Total liabilities and stockholders' equity (deficit) $ 20,161 $ 29,077