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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 165,725 $ 2,056
Short-term investments 60,547  
Prepaid expenses and other current assets 5,994 97
Current portion of unsecured related party note receivable   7
Total current assets 232,266 2,160
Property and equipment, net 1,003  
Operating lease right-of-use asset 959  
Long-term investments 33,656  
Other long-term assets 55  
Unsecured related party note receivable   29
Total assets 267,939 2,189
Current liabilities:    
Accounts payable 3,872 421
Accrued liabilities 2,125 852
Current operating lease liability 57  
Grant liability 1,500  
Total current liabilities 7,554 1,273
Operating lease liability, less current portion 915  
Grant liability   1,036
Derivative liability   999
Convertible notes, net   1,553
Total liabilities 8,469 4,861
Commitments and contingencies (Note 8)
Convertible preferred stock, $0.0001 par value; 0 and 2,797,464 shares authorized at September 30, 2020 and December 31, 2019, respectively; 0 and 2,617,386 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively   17,051
Stockholders' equity (deficit):    
Common stock, $0.0001 par value; 900,000,000 and 10,088,017 shares authorized at September 30, 2020 and December 31, 2019, respectively; 31,087,395 and 3,641,449 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 3  
Additional paid-in capital 292,800 1,364
Accumulated other comprehensive income 7  
Accumulated deficit (33,340) (21,087)
Total stockholders' equity (deficit) 259,470 (19,723)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) $ 267,939 $ 2,189