Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.21.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Mar. 31, 2021
Current assets:    
Cash $ 12,478 $ 15,297
Prepaid & other current assets 255 346
Total current assets 12,733 15,643
Property and equipment, net 275 209
Intangible assets, net 1,603 1,650
Other assets 29 20
TOTAL ASSETS 14,640 17,522
Current liabilities:    
Accounts payable 321 285
Accrued expenses 104 211
Notes payable 439 439
Total current liabilities 864 935
Total liabilities 864 935
Commitments and Contingencies (Note 10)
STOCKHOLDERS’ EQUITY:    
Preferred stock, par value $0.0001; 50,000,000 shares authorized, no shares outstanding
Series A preferred stock, par value $0.0001; 300 shares authorized, 251 shares outstanding as of June 30, 2021 and March 31, 2021, respectively
Series B preferred stock, par value $0.0001; 1,500 shares authorized, 1,443 shares outstanding as of June 30, 2021 and March 31, 2021, respectively
Series C preferred stock, par value $0.0001; 600,000 shares authorized, 500,756 shares outstanding as of June 30, 2021 and March 31, 2021, respectively
Common stock, par value $0.0001; 200,000,000 shares authorized; 14,920,741 and 14,856,480 shares outstanding as of June 30, 2021 and March 31, 2021, respectively 1 1
Additional paid-in capital 76,376 73,789
Accumulated deficit (62,601) (57,203)
Total stockholders’ equity 13,776 16,587
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 14,640 $ 17,522