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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 52,752,000 $ 48,910,000
Short-term investments 0 27,517,000
Prepaid expenses and other current assets 2,285,000 2,313,000
Total current assets 55,037,000 78,740,000
Property and equipment, net   347,000
Operating lease right-of-use asset   902,000
Total assets 55,037,000 79,989,000
Current liabilities:    
Accounts payable 691,000 368,000
Accrued liabilities 2,630,000 6,567,000
Current portion of operating lease liability   825,000
Current portion of long-term debt 1,208,000  
Total current liabilities 4,529,000 7,760,000
Operating lease liability, net of current portion   181,000
Long-term debt, net of debt discount 12,580,000 13,303,000
Other long-term liabilities 863,000 1,390,000
Commitments and contingencies (Note 3)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; authorized shares – 10,000,000 as of September 30, 2022 and December 31, 2021; issued and outstanding shares – none as of September 30, 2022 and December 31, 2021
Common stock, $0.0001 par value; authorized shares – 200,000,000 as of September 30, 2022 and December 31, 2021; issued shares – 42,569,515 and 42,110,560 as of September 30, 2022 and December 31, 2021, respectively; outstanding shares – 42,569,515 and 42,108,428 as of September 30, 2022 and December 31, 2021, respectively 4,000 4,000
Additional paid-in-capital 244,677,000 240,309,000
Accumulated other comprehensive loss   (5,000)
Accumulated deficit (207,616,000) (182,953,000)
Total stockholders’ equity 37,065,000 57,355,000
Total liabilities and stockholders’ equity $ 55,037,000 $ 79,989,000