Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.22.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 16,579
Deferred offering costs 200
Prepaid expenses and other current assets 1,832 4
Total current assets 18,411 204
Right of use asset, net 305
Property, plant and equipment, net 28
Total assets 18,744 204
Current liabilities:    
Accounts payable 742 184
Related party service fee payable 9
Accrued liabilities 1,212 168
Convertible notes 1,528
Loan from stockholder 967
Operating lease liability - current 151
Government loan 19
Total current liabilities 2,105 2,875
Operating lease liability – long term 155
Total liabilities 2,260 2,875
Commitments and contingencies (Note 8)
Stockholders’ (deficit) equity:    
Preferred stock: $0.001 par value per share—10,000,000 shares authorized at December 31, 2020 and 2021; no shares issued and outstanding at December 31, 2020 and 2021
Common stock, $0.001 par value per share – 200,000,000 shares authorized at December 31, 2020 and 2021; 8,514,070 shares issued and outstanding at December 31, 2020, and 14,996,534 shares issued and outstanding at December 31, 2021 15 9
Additional paid-in capital 32,408 3,242
Accumulated deficit (15,939) (5,922)
Total stockholders’ (deficit) equity 16,484 (2,671)
Total liabilities and stockholders’ (deficit) equity $ 18,744 $ 204