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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 23,457 $ 29,785
Marketable securities 10,163 17,960
Accounts receivable 2,779 1,631
Clinical trial retainers 402 589
Other prepaid expenses and other current assets 263 635
Total current assets 37,064 50,600
Property and equipment, net 100  
Operating lease right-of-use asset 1,225  
Other assets 158  
Total assets 38,547 50,600
Current liabilities:    
Accounts payable 2,965 1,466
Accrued clinical trial costs and contract research 5,100 5,680
Other accrued liabilities 1,476 2,336
Operating lease liability 438  
Loans payable, net of discount 9,876 9,569
Deferred revenue 1,974 1,974
Deferred research and development reimbursements 210 93
Total current liabilities 22,039 21,118
Loans payable, net of current portion and discount 3,610 6,197
Deferred revenue 2,059 2,552
PIPE Warrant liability (Note 7) 2,449 5,097
Operating lease liability, non-current 592  
Other liabilities (Note 6) 790 790
Total liabilities 31,539 35,754
Stockholders’ equity:    
Preferred stock, $.001 par value: 5,000 shares authorized at March 31, 2020 and December 31, 2019; no shares issued and outstanding at each of March 31, 2020 and December 31, 2019
Common stock, $.001 par value: 50,000 shares authorized at March 31, 2020 and December 31, 2019; 16,081 shares issued and outstanding at each of March 31, 2020 and December 31, 2019 161 161
Additional paid-in capital 600,849 600,306
Accumulated deficit (594,002) (585,621)
Total stockholders’ equity 7,008 14,846
Total liabilities and stockholders’ equity $ 38,547 $ 50,600