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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 107,658 $ 104,055
Prepaid expenses and other current assets 2,010 2,415
Total current assets 109,668 106,470
Property and equipment, net 42 52
Operating lease right-of-use asset 281 318
Other assets 572 647
TOTAL ASSETS 110,563 107,487
CURRENT LIABILITIES:    
Accrued and other liabilities 6,364 7,148
Accounts payable 2,522 2,205
Total current liabilities 8,886 9,353
Operating lease liability 122 175
TOTAL LIABILITIES 9,008 9,528
Commitments and Contingencies (Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of March 31, 2021 and December 31, 2020; nil shares issued and outstanding as of March 31, 2021 and December 31, 2020
Common stock, $0.001 par value; 500,000,000 shares authorized as of March 31, 2021 and December 31, 2020; 12,349,961 and 11,128,484 shares issued and outstanding as of March 31, 2021 and December 31, 2020 12 11
Additional paid-in capital 968,047 944,537
Accumulated deficit (866,504) (846,589)
TOTAL STOCKHOLDERS’ EQUITY 101,555 97,959
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 110,563 $ 107,487