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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 103,744 $ 126,184
Research and development incentive receivable 509 1,998
Prepaid expenses and other current assets 5,634 1,096
Total current assets 109,887 129,278
Property and equipment, net 421 403
Goodwill 27,109 27,109
Right-of-use assets 1,644 1,959
Other assets 3,473 1,949
Total assets 142,534 160,698
Current liabilities:    
Accounts payable 1,838 2,088
Accrued expenses 8,003 6,461
Current portion of lease liability 940 898
Total current liabilities 10,781 9,447
Long-term debt, including accretion, net of discount 25,398 20,097
Lease liabilities 1,445 1,918
Other liabilities 26 16
Total liabilities 37,650 31,478
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.001 par value, 125,000,000 and 33,333,333 shares authorized as of June 30, 2020 and December 31, 2019, respectively; 16,176,154 and 16,128,862 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 16 16
Additional paid-in capital 263,313 261,367
Accumulated other comprehensive loss (119) (119)
Accumulated deficit (158,326) (132,044)
Total stockholders’ equity 104,884 129,220
Total liabilities and stockholders’ equity $ 142,534 $ 160,698