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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 37,431 $ 42,445
Other current assets 161 254
Total current assets 37,592 42,699
Right-of-use asset - operating 247 343
Property and equipment, net 10 25
Other assets 12 18
Total assets 37,861 43,085
Current liabilities:    
Accounts payable 362 334
Accrued compensation and employee benefits 100 173
Accrued expenses and other liabilities (related party - $0 and $216 at December 31, 2023 and 2022, respectively) 175 625
Total current liabilities 637 1,132
Operating lease liability, net of current portion 204 280
Total liabilities 841 1,412
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5 million shares authorized; no shares issued or outstanding at December 31, 2023 and 2022
Common stock, $0.001 par value; 100 million shares authorized at December 31, 2023 and 2022; 14,501,143 and 14,410,143 shares issued and outstanding at December 31, 2023 and 2022, respectively 14 14
Additional paid-in capital 225,747 225,061
Accumulated deficit (188,741) (183,402)
Total stockholders’ equity 37,020 41,673
Total liabilities and stockholders’ equity $ 37,861 $ 43,085