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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 21,785 $ 13,711
Contracts and grants receivable 189 419
Deferred offering costs 58 49
Prepaid expenses and other current assets 1,420 1,545
Total current assets 23,452 15,724
Restricted cash 539 540
Intangible assets 75 75
Other assets 387 419
Property and equipment, net 10,231 10,506
Right-of-use lease assets 1,826 1,833
Total assets 36,510 29,097
Current liabilities:    
Accounts payable 997 1,602
Accrued compensation 1,107 437
Accrued outside research and development services 1,928 1,013
Accrued legal and professional fees 173 616
Other accrued expenses 428 553
Deferred revenue, current portion 4,401 4,428
Research and development service obligation liability, current portion 1,566 3,088
Lease liabilities, current portion 1,167 1,162
Total current liabilities 11,767 12,899
Deferred revenue, net of current portion 5,960 7,076
Lease liabilities, net of current portion 4,947 5,100
Research and development service obligation liability, net of current portion 736 727
Research and development funding arrangement liability, related party 25,000 25,000
Other long-term liabilities 460 578
Total liabilities 48,870 51,380
Commitments and contingencies (Note 8)
Stockholders’ deficit    
Common stock $0.0001 par value; 200,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 72,028,562 and 26,744,300 shares issued as of March 31, 2020 and December 31, 2019, respectively; 72,019,062 and 26,734,800 shares outstanding as of March 31, 2020 and December 31, 2019, respectively 7 3
Additional paid-in capital 213,939 197,853
Treasury stock at cost, 9,500 shares as of March 31, 2020 and December 31, 2019 (155) (155)
Accumulated deficit (226,151) (219,984)
Total stockholders’ deficit (12,360) (22,283)
Total liabilities and stockholders’ deficit $ 36,510 $ 29,097