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BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 40,156 $ 42,445
Other current assets 599 254
Total current assets 40,755 42,699
Right-of-use asset - operating 293 343
Property and equipment, net 17 25
Other assets 18 18
Total assets 41,083 43,085
Current liabilities:    
Accounts payable 241 334
Accrued compensation and employee benefits 190 173
Accrued expenses and other liabilities (related party - $432 and $216 at June 30, 2023 and December 31, 2022, respectively) 1,171 625
Total current liabilities 1,602 1,132
Operating lease liability, net of current portion 243 280
Total liabilities 1,845 1,412
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value; 100 million shares authorized at June 30, 2023 and December 31, 2022; 14,410,143 shares issued and outstanding at June 30, 2023 and December 31, 2022 14 14
Additional paid-in capital 225,452 225,061
Accumulated deficit (186,228) (183,402)
Total stockholders’ equity 39,238 41,673
Total liabilities and stockholders’ equity $ 41,083 $ 43,085