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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 88,812 $ 126,184
Research and development incentive receivable 629 1,998
Prepaid expenses and other current assets 4,472 1,096
Total current assets 93,913 129,278
Property and equipment, net 1,334 403
Goodwill 27,109 27,109
Right-of-use assets 8,222 1,959
Other assets 2,548 1,949
Total assets 133,126 160,698
Current liabilities:    
Accounts payable 3,891 2,088
Accrued expenses 8,532 6,461
Current portion of lease liability 756 898
Total current liabilities 13,179 9,447
Long-term debt, including accretion, net of discount 25,537 20,097
Lease liabilities 4,677 1,918
Other liabilities 25 16
Total liabilities 43,418 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 September 30, 2020 and December 31, 2019, respectively; 16,286,645 and 16,128,862 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 16 16
Additional paid-in capital 265,586 261,367
Accumulated other comprehensive loss (119) (119)
Accumulated deficit (175,775) (132,044)
Total stockholders’ equity 89,708 129,220
Total liabilities and stockholders’ equity $ 133,126 $ 160,698