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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 22,925 $ 31,230
Insurance recovery of legal settlement 450 450
Prepaid expenses and other current assets 1,298 1,270
Total current assets 24,673 32,950
Property and equipment-net 1,008 1,060
Operating lease right-of-use assets 11,219 11,650
Other noncurrent assets 429 429
Total assets 37,329 46,089
Current liabilities:    
Accounts payable 1,157 1,108
Accrued legal settlement 450 450
Accrued expenses 2,538 2,961
Current loan payable (net of discount and issuance costs of $58 and nil, respectively) 1,481  
Current operating lease liabilities 1,325 1,413
Accrued compensation 456 1,248
Interest payable 104 97
Total current liabilities 7,511 7,277
Loan payable (net of discount and issuance costs of $454 and $756, respectively) 8,935 10,371
Operating lease liabilities, less current portion 9,918 10,330
Total liabilities 26,364 27,978
Commitments and contingencies (Note 5)
Stockholders' equity:    
Common stock, $0.001 par value; 100,000,000 shares authorized at March 31, 2022 and December 31, 2021; 7,173,094 and 6,910,324 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 11 11
Additional paid-in capital 154,362 153,872
Accumulated deficit (143,408) (135,772)
Total stockholders’ equity 10,965 18,111
Total liabilities and stockholders’ equity $ 37,329 $ 46,089