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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 104,055 $ 147,528
Prepaid expenses and other current assets 2,415 2,369
Total current assets 106,470 149,897
Property and equipment, net 52 113
Operating lease right-of-use asset 318 589
Other assets 647 729
TOTAL ASSETS 107,487 151,328
CURRENT LIABILITIES:    
Accrued and other liabilities 7,148 7,170
Accounts payable 2,205 1,019
Warrant liabilities   45,935
Securities issuance obligation   10,485
Total current liabilities 9,353 64,609
Operating lease liability 175 374
TOTAL LIABILITIES 9,528 64,983
Commitments and Contingencies (Note 8)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of December 31, 2020 and December 31, 2019; nil shares issued and outstanding as of December 31, 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 December 31, 2020 and December 31, 2019; 11,128,484 and 1,867,176 shares issued and outstanding as of December 31, 2020 and 2019 11 74
Additional paid-in capital 944,537 851,957
Accumulated deficit (846,589) (765,687)
TOTAL STOCKHOLDERS’ EQUITY 97,959 86,345
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 107,487 $ 151,328