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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 51,621,000 $ 51,829,000
Insurance recovery of legal settlement 15,000,000 15,000,000
Prepaid expenses and other current assets 1,686,000 2,134,000
Total current assets 68,307,000 68,963,000
Property and equipment, net 1,011,000 1,113,000
Operating lease right-of-use assets 1,553,000 3,051,000
Other noncurrent assets 480,000 111,000
Total assets 71,351,000 73,238,000
Accounts payable 1,448,000 991,000
Accrued legal settlement 15,000,000 15,000,000
Accrued expenses 2,186,000 1,589,000
Current loan payable 2,000,000 0
Current operating lease liabilities 1,050,000 1,442,000
Accrued compensation 638,000 912,000
Interest payable 101,000 92,000
Total current liabilities 22,423,000 20,026,000
Loan payable (net of discount and issuance costs of $524 and $756, respectively) 13,301,000 15,069,000
Operating lease liabilities, less current portion 695,000 2,026,000
Total liabilities 36,419,000 37,121,000
Commitments and contingencies (Note 6)
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 10,000 7,000
Additional paid-in capital 152,644,000 136,173,000
Accumulated deficit (117,722,000) (100,063,000)
Total stockholders’ equity 34,932,000 36,117,000
Total liabilities and stockholders’ equity $ 71,351,000 $ 73,238,000