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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 90,690 $ 104,055
Prepaid expenses and other current assets 1,983 2,415
Total current assets 92,673 106,470
Property and equipment, net 71 52
Operating lease right-of-use assets 946 318
Other assets 687 647
TOTAL ASSETS 94,377 107,487
CURRENT LIABILITIES:    
Accrued and other liabilities 7,913 7,148
Accounts payable 1,548 2,205
Total current liabilities 9,461 9,353
Operating lease liabilities 650 175
TOTAL LIABILITIES 10,111 9,528
Commitments and Contingencies (Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of June 30, 2021 and December 31, 2020; nil shares issued and outstanding as of June 30, 2021 and December 31, 2020
Common stock, $0.001 par value; 500,000,000 shares authorized as of June 30, 2021 and December 31, 2020; 12,358,517 and 11,128,484 shares issued and outstanding as of June 30, 2021 and December 31, 2020 12 11
Additional paid-in capital 971,388 944,537
Accumulated deficit (887,134) (846,589)
TOTAL STOCKHOLDERS’ EQUITY 84,266 97,959
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 94,377 $ 107,487