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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 47,498 $ 35,724
Marketable debt securities 48,819 55,505
Prepaid expenses and other current assets 2,350 1,883
Total current assets 98,667 93,112
Restricted cash, non-current 745 745
Marketable debt securities, non-current 10,760 39,467
Property and equipment, net 1,662 1,719
Operating lease right-of-use asset 6,506 7,171
Goodwill 29,517 29,517
Other assets 734 865
Total assets 148,591 172,596
Current liabilities:    
Accounts payable 456 954
Accrued expenses 2,354 2,489
Operating lease liability 901 855
Total current liabilities 3,711 4,298
Operating lease liability, non-current 5,702 6,384
Total liabilities 9,413 10,682
Commitments and contingencies (Note 8)
Stockholders’ Equity:    
Preferred stock, $0.001 par value, authorized 10,000,000 shares: Series 1 Convertible Preferred Stock, 8,028 shares authorized at September 30, 2022 and December 31, 2021, 8,027 shares issued and outstanding as of September 30, 2022 and December 31, 2021.
Common stock, $0.001 par value, authorized 100,000,000 shares: Common stock, 11,267,389 and 11,235,731 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively. 11 11
Additional paid-in capital 261,294 256,126
Accumulated deficit (120,997) (94,012)
Accumulated other comprehensive income (loss) (1,130) (211)
Total stockholders’ equity 139,178 161,914
Total liabilities and stockholders’ equity $ 148,591 $ 172,596