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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 12,594 $ 19,253
Marketable securities 36,398 52,696
Prepaid expenses and other current assets 5,273 2,556
Total current assets 54,265 74,505
Restricted cash 1,500 1,500
Property and equipment, net 4,244 2,385
Operating lease right-of-use assets 4,712 4,726
Other non-current assets 60 67
TOTAL ASSETS 64,781 83,183
CURRENT LIABILITIES    
Accounts payable 3,618 3,154
Operating lease liabilities 293 351
Accrued and other current liabilities 13,227 14,854
Total current liabilities 17,138 18,359
Non-current operating lease liabilities 4,815 4,712
Other non-current liabilities 23 31
TOTAL LIABILITIES 21,976 23,102
Commitments and Contingencies (Note 8)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of March 31, 2020 and December 31, 2019; no shares issued and outstanding as of March 31, 2020 and December 31, 2019
Common stock, $0.0001 par value; 500,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 29,147,461 shares and 29,084,437 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 3 3
Additional paid-in capital 256,779 255,142
Accumulated other comprehensive (loss) income (134) 51
Accumulated deficit (213,843) (195,115)
TOTAL STOCKHOLDERS’ EQUITY 42,805 60,081
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 64,781 $ 83,183