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BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 40,850 $ 42,445
Other current assets 852 254
Total current assets 41,702 42,699
Right-of-use asset - operating 318 343
Property and equipment, net 21 25
Other assets 18 18
Total assets 42,059 43,085
Current liabilities:    
Accounts payable 366 334
Accrued compensation and employee benefits 235 173
Accrued expenses and other liabilities (related party - $324 and $216 at March 31, 2023 and December 31, 2022, respectively) 665 625
Total current liabilities 1,266 1,132
Operating lease liability, net of current portion 262 280
Total liabilities 1,528 1,412
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 100 million shares authorized at March 31, 2023 and December 31, 2022; 14,410,143 shares issued and outstanding at March 31, 2023 and December 31, 2022 14 14
Additional paid-in capital 225,265 225,061
Accumulated deficit (184,748) (183,402)
Total stockholders’ equity 40,531 41,673
Total liabilities and stockholders’ equity $ 42,059 $ 43,085