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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 109,014 $ 147,528
Prepaid expenses and other current assets 2,956 2,369
Total current assets 111,970 149,897
Property and equipment, net 63 113
Operating lease right-of-use asset 354 589
Other assets 657 729
TOTAL ASSETS 113,044 151,328
CURRENT LIABILITIES:    
Accrued and other liabilities 5,727 7,170
Accounts payable 1,540 1,019
Deferred revenue 200  
Warrant liabilities   45,935
Securities issuance obligation   10,485
Total current liabilities 7,467 64,609
Operating lease liability 217 374
TOTAL LIABILITIES 7,684 64,983
Commitments and Contingencies (Note 8)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of September 30, 2020 and December 31, 2019; nil shares issued and outstanding as of September 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 September 30, 2020 and December 31, 2019; 10,495,732 and 1,867,176 shares issued and outstanding as of September 30, 2020 and December 31, 2019 10 74
Additional paid-in capital 933,916 851,957
Accumulated deficit (828,566) (765,687)
TOTAL STOCKHOLDERS’ EQUITY 105,360 86,345
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 113,044 $ 151,328