Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash $ 13,620 $ 16,579
Prepaid expenses and other current assets 1,844 1,832
Total current assets 15,464 18,411
Right of use asset, net 268 305
Property, plant and equipment, net 28 28
Total assets 15,760 18,744
Liabilities and stockholders’ (deficit) equity    
Accounts payable 589 742
Accrued liabilities 1,658 1,212
Operating lease liability - current 155 151
Total current liabilities 2,402 2,105
Operating lease liability – long term 114 155
Total liabilities 2,516 2,260
Commitments and contingencies (Note 8)
Preferred stock: $0.001 par value per share—10,000,000 shares authorized at December 31, 2021 and March 31, 2022; no shares issued and outstanding at December 31, 2021 and March 31, 2022
Common stock, $0.001 par value per share – 200,000,000 shares authorized at December 31, 2021 and March 31, 2022; 14,996,534 shares issued and outstanding at December 31, 2021, and 15,020,517 shares issued and outstanding at March 31, 2022 15 15
Additional paid-in capital 32,705 32,408
Accumulated deficit (19,476) (15,939)
Total stockholders’ (deficit) equity 13,244 16,484
Total liabilities and stockholders’ (deficit) equity $ 15,760 $ 18,744