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Condensed Consolidated Financial Statements Details (Tables) | 6 Months Ended
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Jun. 30, 2023
Condensed Consolidated Financial Statements Details |
Schedule of cost, accumulated amortization, and net carrying value of intangible assets | The following table summarizes cost, accumulated amortization, and net carrying value of the intangible assets as of June 30, 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Accumulated | ​ | Net Carrying
​ | ​ | Cost | ​ | Amortization | ​ | Value
As of June 30, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ebopiprant IP (Note 4) | ​ | $ | 15,247 | ​ | $ | 546 | ​ | $ | 14,701
Total intangible assets | ​ | $ | 15,247 | ​ | $ | 546 | ​ | $ | 14,701
​ The following table summarizes cost, accumulated amortization, and net carrying value of the intangible assets as of December 31, 2022 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Accumulated | ​ | Net Carrying
​ | ​ | Cost | ​ | Amortization | ​ | Value
As of December 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ebopiprant IP (Note 4) | ​ | $ | 15,247 | ​ | $ | 97 | ​ | $ | 15,150
Total intangible assets | ​ | $ | 15,247 | ​ | $ | 97 | ​ | $ | 15,150
Schedule of projected amortization expense for next five years | The remaining life of the intangible assets is 16.4 years. The following table presents the projected amortization expense for the next five years (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | Intangible Asset
​ |  | Amortization
​ |  | ​ | ​
2023 (excluding six months ended June 30, 2023) | ​ | $ | 448
2024 | ​ |  | 897
2025 | ​ |  | 897
2026 | ​ | ​ | 897
2027 | ​ | ​ | 897
Total | ​ | $ | 4,036
Schedule of accrued and other liabilities | Accrued and other liabilities consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
​ |  | 2023 |  | 2022
Accrued payroll, severance and retention costs | ​ |  | 978 | ​ |  | 1,449
Accrued incentive compensation | ​ | ​ | 604 | ​ | ​ | 562
Accrued legal and accounting fees | ​ | ​ | 331 | ​ | ​ | 867
Other accrued liabilities | ​ | ​ | 20 | ​ | ​ | 40
Total | ​ | $ | 1,933 | ​ | $ | 2,918
​
Schedule of reconciliation of numerator and denominator used in calculation of basic and diluted net (loss) per share available to common stockholders | The following is a reconciliation of the numerator (net loss) and the denominator (number of shares) used in the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share amounts): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
Numerator |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Net loss | ​ | $ | (5,400) | ​ | $ | (4,670) | ​ | $ | (15,213) | ​ | $ | (6,950)
Less: Series A accumulated dividends | ​ |  | (530) | ​ |  | (530) | ​ |  | (1,061) | ​ |  | (1,061)
Less: Series B accumulated dividends | ​ | ​ | (838) | ​ | ​ | (838) | ​ | ​ | (1,675) | ​ | ​ | (1,675)
Net loss attributable to common stockholders, basic and diluted | ​ | ​ | (6,768) | ​ | ​ | (6,038) | ​ | $ | (17,949) | ​ | ​ | (9,686)
​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​
Denominator | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Weighted average shares used in computing basic and diluted net loss per share attributable to common stockholders | ​ |  | 11,466 | ​ | ​ | 11,421 | ​ |  | 11,463 | ​ |  | 11,376
Basic and diluted net loss per share attributable to common stockholders | ​ | $ | (0.59) | ​ | ​ | (0.53) | ​ | $ | (1.57) | ​ | $ | (0.85)
​
Schedule of outstanding securities considered anti-dilutive | The following table shows the weighted-average shares from outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net loss per share attributable to common stockholders (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
Convertible preferred stock | ​ | 5,003 | ​ | 5,003 | ​ | 5,003 | ​ | 5,003
Common stock options |  | 1,719 |  | 889 |  | 1,634 | ​ | 813
Warrants for common stock |  | 6 |  | 6 |  | 6 | ​ | 6
Total |  | 6,728 |  | 5,898 |  | 6,643 |  | 5,822

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