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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 72,606 $ 89,893
Restricted cash 279 279
Accounts receivable 0 5,000
Prepaid expenses and other current assets 1,555 1,495
Total current assets 74,440 96,667
Property and equipment, net 1,134 1,222
Right-of-use asset, net 11,847 301
Long-term restricted cash 1,379 1,379
Total assets 88,800 99,569
Current liabilities:    
Accounts payable 1,330 500
Accrued expenses 8,775 13,492
Loan payable 16,868 18,905
Lease liability 1,425 372
Deferred revenue 1,674 1,674
Total current liabilities 30,072 34,943
Non‑current liabilities:    
Lease liability 10,440 0
Deferred revenue 14,656 14,680
Warrant liabilities 42,395 41,549
Total liabilities 97,563 91,172
Commitments and contingencies (Note 17)
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized; 87,019,172 and 86,325,547 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 9 9
Additional paid-in capital 351,184 348,664
Accumulated deficit (355,373) (335,753)
Accumulated other comprehensive loss (4,583) (4,523)
Total stockholders’ equity (deficit) (8,763) 8,397
Total liabilities and stockholders’ equity (deficit) $ 88,800 $ 99,569