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Unaudited Condensed Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue $ 1,925 $ 11,463 $ 10,922 $ 11,463
Operating expenses:        
Royalty and direct contract acquisition costs 1,000 1,305 1,000
Research and development 1,709 3,616 5,789 16,950
General and administrative 1,429 3,613 5,393 9,440
Severance expense 830
Total operating expenses 3,138 8,229 13,317 27,390
(Loss) income from operations (1,213) 3,234 (2,395) (15,927)
Other (expense) income:        
Interest expense related to amortization of debt issuance costs and discount (578) (371) (1,723) (981)
Interest expense on principal (1,163) (1,208) (3,620) (3,669)
Fair value adjustment related to derivative and warrant liability (137) 1,351 (65) 1,783
Interest and other income (expense), net 48 60 (135) 295
Total other expenses (1,830) (168) (5,543) (2,572)
(Loss) income before income taxes (3,043) 3,066 (7,938) (18,499)
Income tax benefit (expense) 34 (3) 34 14
Net (loss) income $ (3,009) $ 3,063 $ (7,904) $ (18,485)
Net (loss) income per share of common stock:        
Basic (in dollars per share) $ (0.04) $ 0.09 $ (0.13) $ (0.65)
Diluted (in dollars per share) $ (0.04) $ 0.06 $ (0.13) $ (0.65)
Weighted average number of shares of common stock outstanding:        
Basic (in shares) 70,809,221 30,126,704 60,718,998 28,417,450
Diluted (in shares) 70,809,221 31,672,149 60,718,998 28,417,450