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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 56,409 $ 84,833
Prepaid expenses and other current assets 3,109 3,513
Total current assets 59,518 88,346
Operating lease asset, net 739 768
Goodwill 0 48,648
In-process research and development 32,386 32,386
Other assets 150 400
Total assets 92,793 170,548
Current liabilities:    
Accounts payable 2,200 1,813
Current operating lease liability 363 369
Accrued expenses and other liabilities 3,912 2,219
Total current liabilities 6,475 4,401
Deferred tax liability 1,752 1,752
Non-current operating lease liability 383 400
Total liabilities 8,610 6,553
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized at December 31, 2022 and 2021; 13,776,788 and 14,306,788 shares issued and outstanding at December 31, 2022 and 2021, respectively 14 14
Additional paid-in capital 287,034 278,880
Accumulated deficit (202,865) (114,899)
Total stockholders’ equity 84,183 163,995
Total liabilities and stockholders’ equity 92,793 170,548
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