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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 23,419 $ 34,121
Contract and other receivables 674 1,141
Prepaid materials, net 3,923 3,924
Prepaid expenses and other current assets 573 1,221
Total current assets 28,589 40,407
Property and equipment, net 684 921
Intangibles, net 122 266
Other assets 387 487
Total assets 29,782 42,081
Current liabilities:    
Accounts payable 1,024 1,321
Accrued liabilities 1,082 917
Accrued compensation 938 1,676
Current portion of term loan, less debt issuance costs 14,642 14,631
Current portion of contract liabilities 0 6
Other current liabilities 3,295 3,047
Total current liabilities 20,981 21,598
Other long-term liabilities 217 468
Total liabilities 21,198 22,066
Stockholders’ equity (deficit):    
Common stock, $0.001 par value; 200,000,000 shares authorized, 35,922,916 and 21,018,663 shares issued and outstanding at June 30, 2020 (unaudited) and December 31, 2019, respectively 36 21
Additional paid-in capital 432,745 431,305
Accumulated deficit (424,199) (411,315)
Total stockholders’ equity 8,584 20,015
Total liabilities and stockholders’ equity 29,782 42,081
Class A-1 Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Class A-1 convertible preferred stock, $0.001 par value; 415,898 shares authorized and issued at June 30, 2020 (unaudited) and December 31, 2019, respectively; 256,700 and 415,898 shares outstanding at June 30, 2020 (unaudited) and December 31, 2019, respectively 0 1
Class A-2 Convertible Preferred Stock    
Stockholders’ equity (deficit):    
Class A-1 convertible preferred stock, $0.001 par value; 415,898 shares authorized and issued at June 30, 2020 (unaudited) and December 31, 2019, respectively; 256,700 and 415,898 shares outstanding at June 30, 2020 (unaudited) and December 31, 2019, respectively $ 2 $ 3