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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 42,445 $ 53,359
Other current assets 254 1,062
Total current assets 42,699 54,421
Right-of-use asset - operating 343 437
Property and equipment, net 25 48
Other assets 18 18
Total assets 43,085 54,924
Current liabilities:    
Accounts payable 334 1,117
Accrued compensation and employee benefits 173 925
Accrued expenses and other liabilities 625 1,456
Total current liabilities 1,132 3,498
Operating lease liability, net of current portion 280 383
Total liabilities 1,412 3,881
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5 million shares authorized; no shares issued or outstanding at December 31, 2022 and 2021
Common stock, $0.001 par value; 100 million shares authorized at December 31, 2022 and 2021; 14,410,143 shares issued and outstanding at December 31, 2022 and 2021 14 14
Additional paid-in capital 225,061 224,505
Accumulated deficit (183,402) (173,476)
Total stockholders’ equity 41,673 51,043
Total liabilities and stockholders’ equity $ 43,085 $ 54,924