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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 33,596 $ 49,224
Prepaid expenses and other current assets 948 1,019
Total current assets 34,544 50,243
Long-term assets    
Property and equipment, net 27 19
Operating lease right-of-use assets 558 124
Other long-term assets 40 15
Intangible assets, net 13,609 14,581
Total assets 48,778 64,982
Current liabilities    
Accounts payable 3,348 3,489
Accrued compensation 652 1,005
Accrued clinical trial site costs 3,927 3,789
Operating lease liabilities 180 139
Other current liabilities 255 196
Total current liabilities 8,362 8,618
Long-term liabilities    
Contingent liability for Essentialis purchase price 12,325 10,278
Operating lease liabilities, net of current 372  
Total liabilities 21,341 19,435
Commitments and contingencies (Note 6)
Stockholders’ equity    
Common stock, $0.001 par value, 250,000,000 shares authorized, 79,759,225 and 79,615,692 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively. 80 80
Additional paid-in-capital 229,744 227,912
Accumulated deficit (202,387) (182,445)
Total stockholders’ equity 27,437 45,547
Total liabilities and stockholders’ equity 48,778 64,982
2018 PIPE Warrant Liability [Member]    
Long-term liabilities    
Warrant liability $ 282 $ 539