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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 23,767 $ 24,228
Short-term investments 0 14,932
Restricted cash 62 62
Prepaid materials, net 3,010 3,010
Prepaid expenses and other current assets 1,340 1,847
Total current assets 28,179 44,079
Property and equipment, net 1,061 536
Intangibles, net 33 62
Right of use asset 1,477 2,039
Total assets 30,750 46,716
Current liabilities:    
Accounts payable 204 175
Accrued liabilities 691 961
Accrued research and development expenses 921 1,252
Accrued compensation 2,979 2,205
Current portion of term loan, less debt issuance costs 1,334 4,511
Other current liabilities 2,379 2,553
Total current liabilities 8,508 11,657
Operating lease liability, less current portion 1,055 1,768
Total liabilities 9,563 13,425
Commitments and Contingencies
Stockholders’ equity (deficit):    
Common stock, $0.001 par value; 300,000,000 shares authorized at December 31, 2023 and 2022; 20,222,672 and 16,840,261 shares issued and outstanding at December 31, 2023 and 2022, respectively 20 17
Additional paid-in capital 534,375 516,457
Accumulated other comprehensive loss 0 (12)
Accumulated deficit (513,213) (483,176)
Total stockholders’ equity 21,187 33,291
Total liabilities and stockholders’ equity 30,750 46,716
Class A-1 Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Convertible preferred stock 0 0
Class A-2 Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Convertible preferred stock 1 1
Class A-3 Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Convertible preferred stock 0 0
Class A-4 convertible preferred stock outstanding (as-converted)    
Stockholders’ equity (deficit):    
Convertible preferred stock 4 4
Class A-5 convertible preferred stock outstanding (as-converted)    
Stockholders’ equity (deficit):    
Convertible preferred stock $ 0 $ 0