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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 56,137 $ 20,733
Prepaid expenses and other current assets 348 411
Total current assets 56,485 21,144
Long-term assets    
Property and equipment, net 20 22
Operating lease right-of-use assets 195 398
Finance lease right-of-use assets 17 24
Intangible assets, net 15,067 16,525
Other long-term assets   59
Total assets 71,784 38,172
Current liabilities    
Accounts payable 3,213 1,995
Accrued compensation 756 283
Accrued clinical trial site costs 3,399 1,999
Operating lease liabilities 220 305
Other current liabilities 408 382
Total current liabilities 7,996 4,964
Long-term liabilities    
Contingent liability for Essentialis purchase price 10,138 5,938
Other long-term liabilities   147
Total liabilities 23,778 23,225
Commitments and contingencies (Note 6)
Stockholders’ equity    
Common stock, $0.001 par value, 100,000,000 shares authorized, 79,593,621 and 44,658,054 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively. 80 45
Additional paid-in-capital 227,519 172,708
Accumulated deficit (179,593) (157,806)
Total stockholders’ equity 48,006 14,947
Total liabilities and stockholders’ equity 71,784 38,172
2017 PIPE Warrant Liability [Member]    
Long-term liabilities    
Warrant liability 4,777 10,822
2018 PIPE Warrant Liability [Member]    
Long-term liabilities    
Warrant liability $ 867 $ 1,354