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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 26,509 $ 40,127
Prepaid expenses and other current assets 2,562 1,457
Total current assets 29,071 41,584
Property and equipment, net 2,474 2,617
Right of use assets 11,782 6,306
Restricted cash 631 631
Other non-current assets 1,234 1,473
Total assets 45,192 52,611
Current liabilities:    
Accounts payable 860 553
Accrued expenses and other current liabilities 4,077 4,611
Lease liabilities 2,028 1,117
Current portion of long-term debt 7,700  
Total current liabilities 14,665 6,281
Non-current liabilities:    
Long-term debt, net of current portion 5,815 13,407
Warrant liability 1,705 2,486
Lease liabilities, net of current portion 9,994 5,395
Total liabilities 32,179 27,569
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.001 par value; (shares authorized of 25,000,000 at March 31, 2020 and December 31, 2019; 1,635 shares issued and outstanding at March 31, 2020 and December 31, 2019) 701 701
Common stock, $0.001 par value; (shares authorized of 85,000,000 at March 31, 2020 and December 31, 2019, 27,643,773 shares issued and outstanding at March 31, 2020 and 27,452,900 shares issued and outstanding at December 31, 2019) 28 27
Additional paid-in capital 356,091 355,268
Accumulated deficit (343,807) (330,954)
Total stockholders’ equity 13,013 25,042
Total liabilities and stockholders’ equity $ 45,192 $ 52,611