v3.22.2.2
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 20,014 $ 60,383
Short-term investments 25,310 0
Restricted cash 62 62
Prepaid materials, net 3,010 3,010
Prepaid expenses and other current assets 977 1,780
Total current assets 49,373 65,235
Property and equipment, net 513 281
Intangibles, net 67 83
Right of use asset 2,174 2,564
Other assets 0 291
Total assets 52,127 68,454
Current liabilities:    
Accounts payable 796 285
Accrued liabilities 615 821
Accrued research and development expenses 1,081 810
Accrued compensation 1,698 2,016
Current portion of term loan, less debt issuance costs 4,478 0
Other current liabilities 1,853 1,295
Total current liabilities 10,521 5,227
Term loan, less debt issuance costs 0 4,673
Lease liability, less current portion 1,936 2,417
Other long-term liabilities 0 1,179
Total liabilities 12,457 13,496
Commitments and Contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 300,000,000 and 400,000,000 shares authorized at September 30, 2022 and December 31, 2021, respectively; 16,840,261 and 14,597,118 shares issued and outstanding at September 30, 2022 (unaudited) and December 31, 2021, respectively 17 15
Additional paid-in capital 516,060 509,791
Accumulated other comprehensive loss (31) 0
Accumulated deficit (476,381) (454,853)
Total stockholders’ equity 39,670 54,958
Total liabilities and stockholders’ equity 52,127 68,454
Class A-1 Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock 0 0
Class A-2 Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock 1 1
Class A-3 Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock 0 0
Class A-4 Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock $ 4 $ 4