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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 20,051 $ 20,645
Prepaid and other assets 736 565
Total current assets 20,787 21,210
Right-of-use asset 190  
Other assets 767 752
Total assets 21,744 21,962
Current liabilities:    
Accounts payable 871 3,440
Accrued liabilities 2,731 891
Deferred grant revenue 3,640  
Current portion of lease liability 99  
Total current liabilities 7,341 4,331
Preferred stock warrant liability 1,300 674
Lease liability 91  
Commitments and contingencies (Notes 3 and 5)
Convertible preferred stock, $0.0001 par value; authorized shares - none and 130,100 at December 31, 2019 and 2018, respectively; issued and outstanding – none and 8,148 at December 31, 2019 and 2018, respectively; liquidation preference of none and $48,954 at December 31, 2019 and 2018, respectively   46,588
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value, authorized shares – 5,000 and none at December 31, 2019 and 2018, respectively; issued and outstanding shares – none
Common stock, $0.001 par value; authorized shares – 60,000 and 200,000 at December 31, 2019 and 2018, respectively; issued and outstanding shares – 15,387 and 3,762 at December 31, 2019 and 2018, respectively 15 5
Additional paid-in capital 79,869 1,748
Accumulated deficit (65,572) (31,384)
Total stockholders’ equity (deficit) 14,312 (29,631)
Total liabilities and stockholders’ equity (deficit) $ 21,744 $ 21,962