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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)
The following financial information reflects all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results of the interim periods. Summarized quarterly data for 2019 and 2018 are as follows (in thousands, except per share data):
 
 
 
For the quarters ending
 
 
March 31
 
June 30
 
September 30
 
December 31
2019
 
 
 
 
 
 
 
 
Total revenues
 
$
6,778

 
$
18

 
$
18

 
$
18

Total operating expenses
 
(9,516
)
 
(4,686
)
 
(5,011
)
 
(4,453
)
Net loss
 
(3,260
)
 
(5,016
)
 
(5,423
)
 
(4,893
)
Net loss per share, basic and diluted (1)
 
$
(0.31
)
 
$
(0.30
)
 
$
(0.26
)
 
$
(0.23
)
2018
 
 
 
 
 
 
 
 
Total revenues
 
$
18

 
$
18

 
$
18

 
$
18

Total operating expenses
 
(15,601
)
 
(13,362
)
 
(9,872
)
 
(8,000
)
Net loss
 
(16,025
)
 
(13,847
)
 
(10,273
)
 
(8,563
)
Net loss per share, basic and diluted (1)
 
$
(1.85
)
 
$
(1.59
)
 
$
(1.18
)
 
$
(0.98
)
(1) Net loss per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly per-share calculations will not necessarily equal the annual per share calculation.