Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 72,019 $ 77,829
Restricted cash - current 392 392
Security deposit 50 50
Prepaid expenses and other current assets 1,592 1,478
Total Current Assets 74,053 79,749
Property and equipment, net of accumulated depreciation of $363 and $335 319 340
Operating leases right-of-use assets 152 241
Finance leases right-of-use assets 38 58
Total Assets 74,562 80,388
Current Liabilities:    
Accounts payable and accrued expenses 5,261 5,535
Other liability 267 998
Operating leases current liability 154 245
Finance leases current liability 41 62
Total Current Liabilities 5,723 6,840
Long-term finance leases obligations 2 3
Total Liabilities 5,725 6,843
Commitments and contingencies
Stockholders’ Equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.001 par value; 1,000,000,000 shares authorized; 22,143,974 and 22,143,974 shares issued and outstanding, respectively 22 22
Additional paid-in capital 329,692 329,271
Accumulated deficit (260,877) (255,748)
Total Stockholders’ Equity 68,837 73,545
Total Liabilities and Stockholders’ Equity $ 74,562 $ 80,388