Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Unaudited)

v3.22.2.2
Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 10,573 $ 16,579
Prepaid expenses and other current assets 1,987 1,832
Total current assets 12,560 18,411
Right of use asset, net 230 305
Property, plant and equipment, net 26 28
Total assets 12,816 18,744
Current liabilities:    
Accounts payable 747 742
Accrued liabilities 1,927 1,212
Operating lease liability – current 160 151
Total current liabilities 2,834 2,105
Operating lease liability – long term 72 155
Total liabilities 2,906 2,260
Commitments and contingencies (Note 8)
Stockholders’ (deficit) equity:    
Preferred stock: $0.001 par value per share—10,000,000 shares authorized at December 31, 2021 and June 30, 2022; no shares issued and outstanding at December 31, 2021 and June 30, 2022
Common stock, $0.001 par value per share – 200,000,000 shares authorized at December 31, 2021 and June 30, 2022; 14,996,534 shares issued and outstanding at December 31, 2021, and 15,044,498 shares issued and outstanding at June 30, 2022 15 15
Additional paid-in capital 33,007 32,408
Accumulated deficit (23,112) (15,939)
Total stockholders’ (deficit) equity 9,910 16,484
Total liabilities and stockholders’ (deficit) equity $ 12,816 $ 18,744