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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 31,460 $ 63,458
Marketable securities 31,484 5,993
Accounts receivable - related party 373 507
Prepaid and other current assets 1,050 1,354
Total current assets 64,367 71,312
Property and equipment, net 364 451
Operating lease right-of-use asset 2,952 3,190
Investment in Angel Pharmaceuticals 33,371 34,266
Other assets 236 236
Total assets 101,290 109,455
Current liabilities:    
Accounts payable 2,189 1,565
Operating lease liability 1,090 1,046
Accrued and other liabilities 5,986 7,081
Total current liabilities 9,265 9,692
Operating lease liability 2,303 2,601
Total liabilities 11,568 12,293
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock: $0.0001 par value; 10,000,000 shares authorized at March 31, 2022 and December 31, 2021; 0 shares issued and outstanding at March 31, 2022 and December 31, 2021
Common stock: $0.0001 par value; 290,000,000 shares authorized at March 31, 2022 and December 31, 2021; 46,553,511 and 46,553,511 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 5 5
Additional paid-in capital 362,408 361,669
Accumulated other comprehensive (loss) income 1,987 1,869
Accumulated deficit (274,678) (266,381)
Total stockholders' equity 89,722 97,162
Total liabilities and stockholders' equity $ 101,290 $ 109,455