Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets (Unaudited)

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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 7,010 $ 16,579
Prepaid expenses and other current assets 2,952 1,832
Total current assets 9,962 18,411
Right of use asset, net 191 305
Property, plant and equipment, net 24 28
Total assets 10,177 18,744
Current liabilities:    
Accounts payable 2,292 742
Accrued liabilities 3,065 1,212
Operating lease liability – current 165 151
Total current liabilities 5,522 2,105
Operating lease liability – long term 29 155
Total liabilities 5,551 2,260
Commitments and contingencies (Note 9)
Stockholders’ (deficit) equity:    
Preferred stock: $0.001 par value per share—10,000,000 shares authorized at December 31, 2021 and September 30, 2022; no shares issued and outstanding at December 31, 2021 and September 30, 2022
Common stock, $0.001 par value per share – 200,000,000 shares authorized at December 31, 2021 and September 30, 2022; 14,996,534 shares issued and outstanding at December 31, 2021, and 15,087,943 shares issued and outstanding at September 30, 2022 15 15
Additional paid-in capital 33,280 32,408
Accumulated deficit (28,669) (15,939)
Total stockholders’ (deficit) equity 4,626 16,484
Total liabilities and stockholders’ (deficit) equity $ 10,177 $ 18,744