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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 15,264 $ 27,053
Marketable investments 7,167 7,137
Funds receivable from New Jersey net operating loss 48 1,676
Prepaid expenses and other current assets 263 455
Total current assets 22,742 36,321
Property and equipment, net 136 195
Right of use asset, net 727 829
Patent and trademark rights, net 2,154 1,941
Other assets 2,102 1,202
Total assets 27,861 40,488
Current liabilities:    
Accounts payable 2,788 377
Accrued expenses 1,721 806
Current portion of operating lease liability 207 178
Total current liabilities 4,716 1,361
Long-term liabilities:    
Operating lease liability 543 659
Commitments and contingencies (Notes 12 and 13)
Stockholders’ equity:    
Preferred Stock, $0.01 par value, 5,000,000 authorized shares, inclusive of the following:
Common Stock, $0.001 par value, authorized shares - 350,000,000; issued and outstanding shares 48,797,450 and 48,084,287 (including 133,333 and 561,104 of unvested stock awards) as of September 30, 2023 and December 31, 2022, respectively 48 48
Additional paid-in capital 418,796 418,270
Accumulated deficit (396,932) (380,546)
Total stockholders’ equity 22,602 38,468
Total liabilities and stockholders’ equity 27,861 40,488
Series A Junior Participating Preferred Stock [Member]    
Stockholders’ equity:    
Preferred Stock, $0.01 par value, 5,000,000 authorized shares, inclusive of the following:
Series B Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred Stock, $0.01 par value, 5,000,000 authorized shares, inclusive of the following: $ 690 $ 696