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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 39,848 $ 29,785
Marketable securities 28,996 17,960
Accounts receivable 1,052 1,631
Clinical trial retainers 476 589
Other prepaid expenses and other current assets 1,270 635
Total current assets 71,642 50,600
Property and equipment, net 210  
Operating lease right-of-use asset 1,012  
Other assets 158  
Total assets 73,022 50,600
Current liabilities:    
Accounts payable 1,999 1,466
Accrued clinical trial costs and contract research 5,925 5,680
Other accrued liabilities 3,411 2,336
Operating lease liability 436  
Loans payable, net of discount   9,569
Deferred revenue 1,974 1,974
Deferred research and development reimbursements 240 93
PIPE Warrant liability (Note 7) 1,913  
Other liabilities (Note 6) 790  
Total current liabilities 16,688 21,118
Loans payable, net of current portion and discount 13,617 6,197
Deferred revenue 1,072 2,552
PIPE Warrant liability (Note 7)   5,097
Operating lease liability, non-current 379  
Other liabilities (Note 6) 1,043 790
Total liabilities 32,799 35,754
Stockholders’ equity:    
Preferred stock, $.001 par value: 5,000 shares authorized at September 30, 2020 and December 31, 2019; no shares issued and outstanding at each of September 30, 2020 and December 31, 2019
Common stock, $.001 par value: 50,000 shares authorized at September 30, 2020 and December 31, 2019; 25,808 shares issued and outstanding at September 30, 2020 and 16,081 issued and outstanding at December 31, 2019 26 16
Additional paid-in capital 649,897 600,451
Accumulated other comprehensive income 1  
Accumulated deficit (609,701) (585,621)
Total stockholders’ equity 40,223 14,846
Total liabilities and stockholders’ equity $ 73,022 $ 50,600