SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

The following table sets forth the fair value of the Company’s financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):

	Level 1 (1)
	March 31, 2022		December 31, 2021
Assets:
Money market funds	$	15,345	$	25,875

____________

(1)    No assets as of each respective date were identified as Level 2 or 3 based on the three-tier fair value hierarchy. The Company had no financial liabilities measured at fair value on a recurring basis as of each respective date.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table sets forth the potential common shares excluded from the calculation of diluted net loss per share because their inclusion would be anti-dilutive:

	Three Months Ended March 31,
	2022	2021
Outstanding warrants	27,944,544	27,944,544
Outstanding options	6,914,539	4,679,697
Unvested restricted stock units	—	47,435
Total	34,859,083	32,671,676