Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 16,943 $ 54,585
Accounts receivable, net 0 1,060
Other receivables 1,314 3,739
Inventory, net 22 38
Prepaid expenses and other current assets 1,118 2,372
Restricted cash, current portion 53 51
Total current assets 19,450 61,845
Property and equipment, net 2,507 2,695
Other long-term asset 0 1,000
Intangible assets, net 0 38
Goodwill 14,409 14,409
Restricted cash, net of current portion 181 227
Total assets 36,547 80,214
Current liabilities:    
Accounts payable 1,447 3,369
Deferred revenue 442 0
Accrued expenses and other current liabilities 13,696 16,519
Notes payable, current 2,564 0
Total current liabilities 18,149 19,888
Notes payable, non-current 16,502 32,833
Royalty obligation 2,000 2,000
Deferred tax liability, net 133 113
Other long-term liabilities 1,791 2,298
Total liabilities 38,575 57,132
Stockholders’ (deficit) equity:    
Common stock—$0.001 par value; 200,000,000 shares authorized at September 30, 2022 and December 31, 2021; 9,414,104 and 9,399,517 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively [1] 9 9
Additional paid-in capital [1] 291,975 285,239
Accumulated deficit (294,012) (262,166)
Total stockholders’ (deficit) equity (2,028) 23,082
Total liabilities and stockholders’ (deficit) equity $ 36,547 $ 80,214
[1] Amounts for prior periods presented have been retroactively adjusted to reflect the 1-for-12 reverse stock split effected on July 7, 2022