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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 32,093,000 $ 38,501,000
Marketable securities 16,175,000 501,000
Funds receivable from New Jersey net operating loss 1,641,000 1,090,000
Accounts receivable 34,000
Prepaid expenses and other current assets 304,000 184,000
Total current assets 50,213,000 40,310,000
Property and equipment, net 4,047,000 6,473,000
Right of use asset, net 149,000 179,000
Patent and trademark rights, net 1,974,000 1,498,000
Marketable securities, long term 15,376,000
Other assets 1,316,000 748,000
Total assets 57,699,000 64,584,000
Current liabilities:    
Accounts payable 198,000 383,000
Accrued expenses 438,000 442,000
Current portion of operating lease liability 37,000 47,000
Current portion of financing obligation 230,000
Total current liabilities 673,000 1,102,000
Long-term liabilities:    
Operating lease liability 112,000 132,000
Financing obligation arising from sale leaseback transaction (Note 17) 1,876,000
Redeemable warrants 35,000 180,000
Commitments and contingencies (Notes 8, 10, 11, 13, and 17)  
Stockholders’ equity:    
Series B Convertible Preferred Stock, stated value $1,000 per share, issued and outstanding 715 and 732, respectively 715,000 732,000
Common Stock, par value $0.001 per share, authorized 350,000,000 shares; issued and outstanding 47,994,672 and 42,154,371, respectively 48,000 42,000
Additional paid-in capital 417,217,000 402,541,000
Accumulated other comprehensive loss (47,000)
Accumulated deficit (361,101,000) (341,974,000)
Total stockholders’ equity 56,879,000 61,294,000
Total liabilities and stockholders’ equity $ 57,699,000 $ 64,584,000