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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 76,677 $ 84,833
Prepaid expenses and other current assets 2,648 3,513
Total current assets 79,325 88,346
Operating lease asset, net 675 768
Goodwill 48,648 48,648
In-process research and development 32,386 32,386
Other assets 344 400
Total assets 161,378 170,548
Current liabilities:    
Accounts payable 1,026 1,813
Current operating lease liability 328 369
Accrued expenses and other liabilities 1,604 2,219
Total current liabilities 2,958 4,401
Deferred tax liability 1,752 1,752
Non-current operating lease liability 350 400
Total liabilities 5,060 6,553
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized at March 31, 2022 and December 31, 2021; 13,756,788 and 14,306,788 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 14 14
Additional paid-in capital 281,067 278,880
Accumulated deficit (124,763) (114,899)
Total stockholders’ equity 156,318 163,995
Total liabilities and stockholders’ equity 161,378 170,548
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