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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 123,233 $ 147,528
Prepaid expenses and other current assets 1,392 2,369
Total current assets 124,625 149,897
Property and equipment, net 97 113
Operating lease right-of-use asset 504 589
Other assets 667 729
TOTAL ASSETS 125,893 151,328
CURRENT LIABILITIES:    
Accrued and other liabilities 6,698 7,170
Accounts payable 1,983 1,019
Deferred Revenue 300
Warrant liabilities 45,935
Securities issuance obligation 10,485
Total current liabilities 8,981 64,609
Operating lease liability 261 374
TOTAL LIABILITIES 9,242 64,983
Commitments and Contingencies (Note 8)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of June 30, 2020 and December 31, 2019; nil shares issued and outstanding as of June 30, 2020 and 103,000 shares of 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 June 30, 2020 and December 31, 2019; 10,395,732 and 1,867,176 shares issued and outstanding as of June 30, 2020 and December 31, 2019 10 74
Additional paid-in capital 930,702 851,957
Accumulated deficit (814,061) (765,687)
TOTAL STOCKHOLDERS' EQUITY 116,651 86,345
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 125,893 $ 151,328