XML 16 R3.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 121,414 $ 61,761
Trade receivables, net 1,144 1,197
Partnership receivables 1,422  
Clinical trial retainers 587 355
Other prepaid expenses and other current assets 1,495 2,195
Total current assets 126,062 65,508
Property and equipment, net 326 343
Operating lease right-of-use asset 790 903
Other assets 258 158
Total assets 127,436 66,912
Current liabilities:    
Accounts payable 3,963 3,380
Accrued clinical trial costs and contract research 5,285 4,550
Other accrued liabilities 4,723 4,463
Operating lease liability 331 369
Loans payable, net of discount   1,056
Deferred revenue 1,974 1,974
Deferred research and development reimbursements 112 164
PIPE Warrant liability (Note 7) 2,595 199
Other liabilities (Note 6) 790 790
Total current liabilities 19,773 16,945
Loans payable, net of current portion and discount 32,437 12,716
Deferred revenue, non-current 85 578
Operating lease liability, non-current 261 336
Other liabilities, non-current (Note 6) 2,432 1,043
Total liabilities 54,988 31,618
Stockholders’ equity:    
Preferred stock, $.001 par value: 5,000 shares authorized at March 31, 2021 and December 31, 2020; no shares issued and outstanding at each of March 31, 2021 and December 31, 2020
Common stock, $.001 par value: 50,000 shares authorized at March 31, 2021 and December 31, 2020; 34,361 shares issued and outstanding at March 31, 2021 and 26,883 issued and outstanding at December 31, 2020 34 27
Additional paid-in capital 715,741 656,472
Accumulated deficit (643,327) (621,205)
Total stockholders’ equity 72,448 35,294
Total liabilities and stockholders’ equity $ 127,436 $ 66,912