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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]  
Summary of Selected Quarterly Financial Data

The following tables provide the selected quarterly financial data for the years ended December 31, 2022 and 2021 (in thousands, except share and per share data):

 

 

2022

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

Statements of Operations Data:

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

Research and development

$

11,350

 

 

$

12,582

 

 

$

18,242

 

 

$

20,539

 

General and administrative

 

5,050

 

 

 

4,892

 

 

 

5,242

 

 

 

5,737

 

Total operating expenses

 

16,400

 

 

 

17,474

 

 

 

23,484

 

 

 

26,276

 

Loss from operations

 

(16,400

)

 

 

(17,474

)

 

 

(23,484

)

 

 

(26,276

)

Interest and other income, net

 

34

 

 

 

216

 

 

 

594

 

 

 

962

 

Net loss

$

(16,366

)

 

$

(17,258

)

 

$

(22,890

)

 

$

(25,314

)

Net loss per share, basic and diluted

$

(0.56

)

 

$

(0.59

)

 

$

(0.78

)

 

$

(0.86

)

Weighted-average number of shares outstanding,
   basic and diluted

 

29,126,088

 

 

 

29,196,398

 

 

 

29,319,042

 

 

 

29,441,596

 

 

 

 

2021

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

Statements of Operations Data:

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

Research and development

$

3,798

 

 

$

5,224

 

 

$

7,886

 

 

$

11,088

 

General and administrative

 

2,059

 

 

 

3,211

 

 

 

4,752

 

 

 

3,649

 

Total operating expenses

 

5,857

 

 

 

8,435

 

 

 

12,638

 

 

 

14,737

 

Loss from operations

 

(5,857

)

 

 

(8,435

)

 

 

(12,638

)

 

 

(14,737

)

Interest and other income, net

 

5

 

 

 

36

 

 

 

32

 

 

 

27

 

Net loss

$

(5,852

)

 

$

(8,399

)

 

$

(12,606

)

 

$

(14,710

)

Net loss per share, basic and diluted

$

(0.49

)

 

$

(0.33

)

 

$

(0.43

)

 

$

(0.51

)

Weighted-average number of shares outstanding,
   basic and diluted

 

11,964,205

 

 

 

25,161,038

 

 

 

29,001,213

 

 

 

29,061,076