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 and cash equivalents $ 66,923 $ 109,403
Accounts receivable, net   71
Inventories 2,352  
Insurance recovery   9,000
Prepaid expenses and other current assets 1,448 570
Total current assets 70,723 119,044
Restricted cash 1,311 1,310
Property and equipment, net 1,841 2,253
Right-of-use lease asset 4,706 5,119
Other assets 1,543 13
Total assets 80,124 127,739
Current liabilities:    
Accounts payable, net 4,547 1,693
Accrued expenses and other current liabilities 3,847 5,168
Estimated settlement liability   9,000
Lease liability 792 703
Total current liabilities 9,186 16,564
Leases, net of current portion 6,309 7,101
Warrant liability   6
Total liabilities 15,495 23,671
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock - $0.001 par value; 5,000,000 shares authorized, none issued or outstanding at December 31, 2021 and December 31, 2020
Common stock - $0.001 par value; 200,000,000 shares authorized at December 31, 2021 and December 31, 2020; 165,520,007 and 159,999,917 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 165 160
Additional paid-in capital 558,566 546,422
Accumulated deficit (494,102) (442,514)
Total stockholders' equity 64,629 104,068
Total liabilities and stockholders' equity $ 80,124 $ 127,739