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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 78,831 $ 106,046
Prepaid expenses and other current assets 3,761 2,706
Total current assets 82,592 108,752
Property and equipment, net 134 168
Operating lease right-of-use asset 671  
Other assets 778 549
TOTAL ASSETS 84,175 109,469
CURRENT LIABILITIES:    
Accrued and other liabilities 7,064 8,812
Accounts payable 1,203 1,287
Current portion of term loan 668  
Total current liabilities 8,935 10,099
Term loan 4,303 4,891
Operating lease liability 466  
TOTAL LIABILITIES 13,704 14,990
Commitments and Contingencies (Note 8)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of June 30, 2019 and December 31, 2018; nil shares issued and outstanding as of June 30, 2019 and December 31, 2018
Common stock, $0.001 par value; 500,000,000 shares authorized as of June 30, 2019 and December 31, 2018; 74,688,283 and 74,365,965 shares issued and outstanding as of June 30, 2019 and December 31, 2018 74 74
Additional paid-in capital 775,719 771,817
Accumulated deficit (705,322) (677,412)
TOTAL STOCKHOLDERS' EQUITY 70,471 94,479
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 84,175 $ 109,469