Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.22.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 2,513 $ 6,130
Prepaid & other current assets 774 687
Total current assets 3,287 6,817
Property and equipment, net 851 895
Intangible assets, net 1,715 1,761
Right of use asset 2,218
Other assets 402 179
TOTAL ASSETS 8,473 9,652
Current liabilities:    
Accounts payable 330 358
Accrued expenses 90 298
Lease liability - current portion 507
Notes payable 8 8
Total current liabilities 935 664
Lease liability 1,814
Total liabilities 2,749 664
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 March 31, December 31, 2022 and 2021, respectively
Series B preferred stock, par value $0.0001; 1,500 shares authorized, 1,443 shares outstanding as of March 31, 2022 and 2021, respectively
Series C preferred stock, par value $0.0001; 600,000 shares authorized, 500,756 shares outstanding as of March 31, 2022 and December 31, 2021, respectively
Common stock, par value $0.0001; 200,000,000 shares authorized; 14,563,458 and 14,530,126 shares outstanding as of March 31, 2022 and December 31, 2021, respectively 1 1
Additional paid-in capital 83,983 82,677
Accumulated deficit (78,260) (73,690)
Total stockholders’ equity 5,724 8,988
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 8,473 $ 9,652