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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 84,833 $ 114,195
Prepaid expenses and other current assets 3,513 1,435
Total current assets 88,346 115,630
Operating lease asset, net 768 138
Goodwill 48,648 48,648
In-process research and development 32,386 32,386
Other assets 400 383
Total assets 170,548 197,185
Current liabilities:    
Accounts payable 1,813 1,366
Current operating lease liability 369 144
Accrued expenses and other liabilities 2,219 973
Total current liabilities 4,401 2,483
Deferred tax liability 1,752 4,106
Non-current operating lease liability 400  
Total liabilities 6,553 6,589
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized at December 31, 2021 and 2020; 14,306,788 and 15,160,397 shares issued and outstanding at December 31, 2021 and 2020, respectively 14 15
Additional paid-in capital 278,880 270,974
Accumulated deficit (114,899) (80,393)
Total stockholders’ equity 163,995 190,596
Total liabilities and stockholders’ equity 170,548 197,185
Series X1 Non-voting Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value
Series X Non-voting Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value