Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 94,522 $ 108,910
Restricted cash - current 399 396
Prepaid expenses and other current assets 3,625 1,636
Total Current Assets 98,546 110,942
Property and equipment, net of accumulated depreciation of $536 and $487 630 604
Restricted cash – long term 304 302
Operating leases right-of-use assets 2,544 2,341
Finance leases right-of-use assets 2 3
Total Assets 102,026 114,192
Current Liabilities:    
Accounts payable and accrued expenses 7,358 10,130
Operating leases current liability 503 494
Finance leases current liability 3 4
Total Current Liabilities 7,864 10,628
Long-term license revenue deferred 35,000 35,000
Long-term operating lease obligations 1,954 2,083
Total Liabilities 44,818 47,711
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; 25,729,370 and 25,674,823 shares issued and outstanding, respectively 26 26
Additional paid-in capital 356,984 355,220
Accumulated deficit (299,802) (288,765)
Total Stockholders’ Equity 57,208 66,481
Total Liabilities and Stockholders’ Equity $ 102,026 $ 114,192