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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 133,534 $ 147,528
Prepaid expenses and other current assets 1,936 2,369
Total current assets 135,470 149,897
Property and equipment, net 112 113
Operating lease right-of-use asset 547 589
Other assets 662 729
TOTAL ASSETS 136,791 151,328
CURRENT LIABILITIES:    
Accrued and other liabilities 5,640 7,170
Accounts payable 1,357 1,019
Warrant liabilities   45,935
Securities issuance obligation   10,485
Total current liabilities 6,997 64,609
Operating lease liability 298 374
TOTAL LIABILITIES 7,295 64,983
Commitments and Contingencies (Note 8)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of March 31, 2020 and December 31, 2019; nil shares issued and outstanding as of March 31, 2020 and 103,000 shares Series A convertible voting preferred stock issued and outstanding as of December 31, 2019   1
Common stock, $0.001 par value; 500,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 10,395,732 and 1,867,176 shares issued and outstanding as of March 31, 2020 and December 31, 2019 10 74
Additional paid-in capital 927,085 851,957
Accumulated deficit (797,599) (765,687)
TOTAL STOCKHOLDERS' EQUITY 129,496 86,345
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 136,791 $ 151,328