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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 147,528 $ 106,046
Prepaid expenses and other current assets 2,369 2,706
Total current assets 149,897 108,752
Property and equipment, net 113 168
Operating lease right-of-use asset 589  
Other assets 729 549
TOTAL ASSETS 151,328 109,469
CURRENT LIABILITIES:    
Accrued and other liabilities 7,170 8,812
Accounts payable 1,019 1,287
Warrant liabilities 45,935  
Securities issuance obligation 10,485  
Total current liabilities 64,609 10,099
Operating lease liability 374  
Term loan   4,891
TOTAL LIABILITIES 64,983 14,990
Commitments and Contingencies (Note 8)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of December 31, 2019 and December 31, 2018; 103,000 shares Series A convertible voting preferred stock, issued and outstanding as of December 31, 2019 and nil shares issued and outstanding as of December 31, 2018 1
Common stock, $0.001 par value; 500,000,000 shares authorized as of December 31, 2019 and 2018; 1,867,176 and 1,859,120 shares issued and outstanding as of December 31, 2019 and 2018 74 74
Additional paid-in capital 851,957 771,817
Accumulated deficit (765,687) (677,412)
TOTAL STOCKHOLDERS' EQUITY 86,345 94,479
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 151,328 $ 109,469