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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 23,395 $ 27,053
Marketable securities 7,454 7,137
Funds receivable from New Jersey net operating loss 1,763 1,676
Prepaid expenses and other current assets 548 455
Total current assets 33,160 36,321
Property and equipment, net 155 195
Right of use asset, net 792 829
Patent and trademark rights, net 1,898 1,941
Other assets 1,457 1,202
Total assets 37,462 40,488
Current liabilities:    
Accounts payable 963 377
Accrued expenses 696 806
Current portion of operating lease liability 178 178
Total current liabilities 1,837 1,361
Long-term liabilities:    
Operating lease liability 636 659
Commitments and contingencies (Notes 12 and 13)
Stockholders’ equity:    
Series B Convertible Preferred Stock, stated value $1,000 per share, 692 and 696 issued and outstanding, respectively 692 696
Common Stock, par value $0.001 per share, authorized 350,000,000 shares, 48,407,326 and 48,084,287 issued and outstanding, respectively 48 48
Additional paid-in capital 418,456 418,270
Accumulated deficit (384,207) (380,546)
Total stockholders’ equity 34,989 38,468
Total liabilities and stockholders’ equity $ 37,462 $ 40,488