v3.23.1
Condensed Consolidated Balance Sheets (Current Period Unuadited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 13,353 $ 15,275 [1]
Restricted cash 0 5,000
Short-term investments 0 495 [1]
Prepaid expenses and other current assets 525 1,865 [1]
Assets of discontinued operations 3,476 1,931
Total current assets 17,354 24,566 [1]
Operating lease right-of-use assets 49 96 [1]
In-process research and development asset 8,819 8,819
Other assets 70 70 [1]
Assets of discontinued operations 0 13,936 [1]
Total assets 26,292 47,487 [1]
Current Liabilities:    
Accounts payable 1,398 1,256 [1]
Accrued and other liabilities 1,418 2,431 [1]
Long-term debt, current portion 3,318 5,363 [1]
Operating lease liabilities, current portion 51 100 [1]
Liabilities of discontinued operations 3,278 4,620
Total current liabilities 9,463 13,770 [1]
Warrant liability 1,787 7,098
Other long-term liabilities 800 810 [1]
Liabilities of discontinued operations 0 3,995
Total liabilities 12,050 25,673 [1]
Commitments and Contingencies
Common stock, $0.001 par value—200,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 10,924,294 and 8,243,680 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively [2] 11 8 [1]
Additional paid-in capital [2] 448,212 447,635 [1]
Accumulated deficit [2] (433,981) (425,829) [1]
Total stockholders’ equity [2] 14,242 21,814
Total Liabilities and Stockholders’ Equity $ 26,292 $ 47,487
[1] The condensed consolidated balance sheet as of December 31, 2020 has been derived from the audited financial statements as of that date included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
[2] Adjusted to give retroactive effect to a 1-for-20 reverse stock split effective as of 5:01 p.m. Eastern Time on October 25, 2022.