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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,655 $ 4,612
Short-term investments 37,207 46,490
Prepaid expenses and other current assets 5,115 5,027
Total current assets 47,977 56,129
Operating lease asset, net 270 365
In-process research and development 32,386 32,386
Other assets 185 186
Total assets 80,818 89,066
Current liabilities:    
Accounts payable 1,864 967
Current operating lease liabilities 284 383
Accrued expenses and other liabilities 2,099 2,545
Total current liabilities 4,247 3,895
Deferred tax liabilities 1,752 1,752
Total liabilities 5,999 5,647
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized at March 31, 2024 and December 31, 2023; 24,813,130 and 24,213,130 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 25 24
Additional paid-in capital 328,280 326,586
Accumulated deficit (253,486) (243,191)
Total stockholders’ equity 74,819 83,419
Total liabilities and stockholders’ equity 80,818 89,066
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