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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 38,073 $ 45,076
Prepaid expenses and other current assets 2,611 2,452
Total current assets 40,684 47,528
Property and equipment, net 1,111 1,182
Right-of-use assets 1,148 779
Restricted cash 1,366 1,366
Deposits and other assets 271 275
Total assets 44,580 51,130
Current liabilities:    
Accounts payable 746 1,177
Accrued expenses 2,114 2,358
Litigation accrual 1,675 1,675
Accrued compensation expense 415 657
Current operating lease liabilities 913 955
Total current liabilities 5,863 6,822
Long term operating lease liabilities 349
Total liabilities 6,212 6,822
Stockholders’ equity:    
Preferred stock, no par value, 10,000 shares authorized; none outstanding
Common stock, no par value; 300,000 shares authorized; shares issued and outstanding: 50,789 as of March 31, 2023 and 50,736 as of December 31, 2022, respectively 109,050 109,050
Additional paid-in capital 8,378 8,009
Accumulated other comprehensive loss 44 35
Accumulated deficit (79,104) (72,786)
Total stockholders’ equity 38,368 44,308
Total liabilities and stockholders’ equity $ 44,580 $ 51,130