Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 24,408 $ 30,115
Prepaid expenses and other current assets 4,507 3,415
Total current assets 28,915 33,530
Property and equipment, net 72 30
Operating lease right-of-use asset 86 74
Total assets 29,073 33,634
Current liabilities:    
Accounts payable 2,514 568
Accrued liabilities 4,120 5,420
Lease liability, current portion 50 74
Note payable, current portion 0 291
Total current liabilities 6,684 6,353
Lease liability, net of current portion 36 0
Note payable, net of current portion 0 146
Total liabilities 6,720 6,499
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock, $0.01 par value, 300,000,000 and 100,000,000 shares authorized as of June 30, 2021 and December 31, 2020, respectively; 71,945,222 and 53,551,461 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 719 536
Additional paid-in capital 147,681 132,492
Accumulated deficit (126,047) (105,893)
Total stockholders’ equity 22,353 27,135
Total liabilities and stockholders’ equity $ 29,073 $ 33,634