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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 46,485 $ 56,409
Prepaid expenses and other current assets 2,419 3,109
Total current assets 48,904 59,518
Operating lease asset, net 647 739
In-process research and development 32,386 32,386
Other assets 369 150
Total assets 82,306 92,793
Current liabilities:    
Accounts payable 2,852 2,200
Current operating lease liabilities 384 363
Accrued expenses and other liabilities 2,242 3,912
Total current liabilities 5,478 6,475
Deferred tax liabilities 1,752 1,752
Non-current operating lease liabilities 284 383
Total liabilities 7,514 8,610
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized at March 31, 2023 and December, 31, 2022; 13,776,788 shares issued and outstanding at March 31, 2023 and December 31, 2022 14 14
Additional paid-in capital 288,415 287,034
Accumulated deficit (213,637) (202,865)
Total stockholders’ equity 74,792 84,183
Total liabilities and stockholders’ equity 82,306 92,793
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