v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 15,275 $ 7,663 [1]
Restricted cash 5,000 0
Short-term investments 495 38,967 [1]
Prepaid expenses and other current assets 1,865 2,011 [1]
Assets of discontinued operations 1,931 1,848
Total current assets 24,566 50,489 [1]
Operating lease right-of-use assets 96 271 [1]
Property and equipment, net 0 4,907 [1]
In-process research and development asset 8,819 0
Other assets 70 1,978 [1]
Restricted cash, net of current portion 0 5,000
Assets of discontinued operations 13,936 15,248
Total assets 47,487 77,893 [1]
Current Liabilities:    
Accounts payable 1,256 917 [1]
Accrued and other liabilities 2,431 3,429 [1]
Long-term debt, current portion 5,363 8,333 [1]
Operating lease liabilities, current portion 100 182 [1]
Liabilities of discontinued operations 4,620 5,648
Total current liabilities 13,770 18,509 [1]
Long-term debt, net of current portion 0 5,007 [1]
Operating lease liabilities, net of current portion 0 101 [1]
Warrant liability 7,098 0
Liability related to the sale of future royalties 0 85,288 [1]
Other long-term liabilities 810 81 [1]
Liabilities of discontinued operations 3,995 4,800
Total liabilities 25,673 113,786 [1]
Commitments and Contingencies
Common stock, $0.001 par value—200,000,000 shares authorized as of December 31, 2022 and 2021; 8,243,680 and 6,840,967 shares issued and outstanding as of December 31, 2022 and 2021, respectively [2] 8 7 [1]
Additional paid-in capital [2] 447,635 437,684 [1]
Accumulated deficit [2] (425,829) (473,584) [1]
Total stockholders’ equity (deficit) [2] 21,814 (35,893)
Total Liabilities and Stockholders’ Equity (Deficit) $ 47,487 $ 77,893
[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.