Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes

Schedule of statutory federal income tax rate to the provision (benefit)

	For the Year Ended December 31,
	2019		2018
Income tax (benefit) provision at federal statutory rate	21.0	%	21.0	%
State income tax, net of federal benefit	6.3		6.3
Acquired in-process research and development expense	(15.6)		—
Valuation allowance	(10.4)		(27.9)
Convertible notes	(1.6)		—
Research credits	0.8		1.0
Other	(0.5)		(0.4)
Effective tax rate	—	%	—	%

Schedule of deferred tax assets and liabilities

	Year Ended December 31,
	2019		2018
Deferred tax assets:
Federal and state operating loss carryforwards	$	8,805	$	1,791
Foreign operating loss carryforwards		148		54
Acquired intangibles		2,167		2,315
Stock-based compensation		32		—
Lease liability		32		—
Other		29		—
Research and development credit carryforwards		341		185
		11,554		4,345
Valuation allowance - Domestic		(11,372)		(4,288)
Valuation allowance - Foreign		(148)		(54)
Total deferred tax assets, net of valuation allowance		34		3
Deferred tax liabilities:
ROU asset		(32)		—
Other		(2)		(3)
Net deferred tax assets	$	—	$	—

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Loss before provision for taxes for the years ended December 31, 2019 and 2018 consisted of the following (in thousands):

	Year Ended December 31,
	2019		2018
Loss before Income taxes:
Domestic	$	(20,935)	$	(15,313)
Foreign		(377)		(216)
	$	(21,312)	$	(15,529)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of income tax provision (benefit) consisted of the following for the years ended December 31, 2019 and 2018 (in thousands) :

	Year Ended December 31,
	2019		2018
Tax Provision (Benefit):
Current
Domestic	$	—	$	—
Foreign		—		—
Total current tax provision (benefit)		—		—
Deferred
Domestic		(7,085)		(4,283)
Foreign		(94)		(54)
Total deferred tax provision (benefit)		(7,179)		(4,337)
Change in valuation allowance - Domestic		7,085		4,283
Change in valuation allowance - Foreign		94		54
Total tax provision (benefit)	$	—	$	—