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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 91,028 $ 43,695
Restricted cash, current 2,788 0
Investment securities, available for sale 0 49,304
Accounts receivable, interest and other receivables 303 909
Prepaid expenses and other current assets 884 1,387
Assets held for sale 16,851 0
Total current assets 111,854 95,295
Operating lease right-of-use assets 1,042 0
Property and equipment, net 2,529 20,878
Restricted cash, noncurrent 0 4,973
Other assets 825 355
Total assets 116,250 121,501
Current liabilities:    
Accounts payable 2,643 3,774
Accrued expenses and other current liabilities 9,770 8,589
Warrant derivative liability 52,184 0
Private placement option liability 12,094 0
Current portion of long-term debt 11,000 0
Current portion of lease liabilities 454 40
Current portion of deferred revenue 0 2,983
Current portion of deferred rent   418
Liabilities held for sale 6,273 0
Total current liabilities 94,418 15,804
Long-term liabilities:    
Long-term debt, net of deferred issuance costs 25,717 35,832
Long-term lease liabilities 864 91
Deferred rent   1,296
Total liabilities 120,999 53,023
Commitments and contingencies
Series 1 redeemable convertible preferred stock, $0.01 par value, 1,517,500 shares authorized and 538,000 shares issued and outstanding at December 31, 2019 21,468 0
Stockholders’ (deficit) equity:    
Common stock, $0.01 par value; 40,000,000 shares authorized at December 31, 2019 and December 31, 2018, respectively; 5,076,593 shares issued and 5,008,846 shares outstanding at December 31, 2019; 4,424,205 shares issued and 4,356,459 shares outstanding at December 31, 2018 507 442
Treasury stock: 67,746 shares held at December 31, 2019 and December 31, 2018 (5,056) (5,056)
Additional paid-in capital 511,684 493,784
Accumulated other comprehensive loss (327) (144)
Accumulated deficit (533,025) (420,548)
Total stockholders’ (deficit) equity (26,217) 68,478
Total liabilities, preferred stock and stockholders' (deficit) equity $ 116,250 $ 121,501