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Condensed consolidated statements of operations and comprehensive (loss) income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue (Note 8)   $ 25,000   $ 25,000
Operating expenses        
Research and development (Note 7) $ (1,995) 17,996 $ (1,891) 28,504
General and administrative (Note 7) 2,423 4,314 4,978 8,623
Total operating expenses 428 22,310 3,087 37,127
(Loss) income from operations (428) 2,690 (3,087) (12,127)
Other income, net (Note 9) 427 228 878 422
Net (loss) income $ (1) $ 2,918 $ (2,209) $ (11,705)
Net (loss) earnings per common stock (Note 10)        
Basic   $ 0.12 $ (0.09) $ (0.50)
Diluted   $ 0.12 $ (0.09) $ (0.50)
Weighted average number of common stock outstanding (Note 10)        
Basic 23,537,368 23,521,719 23,537,368 23,501,351
Diluted 23,537,368 23,846,256 23,537,368 23,501,351
Comprehensive (loss) income:        
Net (loss) income $ (1) $ 2,918 $ (2,209) $ (11,705)
Other comprehensive income - unrealized gain on available-for-sale securities   22   68
Comprehensive (loss) income $ (1) $ 2,940 $ (2,209) $ (11,637)