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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 410,046 $ 58,976
Prepaid expenses and other current assets 3,011 2,747
Total current assets 413,057 61,723
Property and equipment, net 2,753 3,391
Other assets 438 584
Total assets 416,248 65,698
Current liabilities:    
Accounts payable 2,556 3,376
Accrued compensation 731 414
Accrued manufacturing expenses 26,285 5,777
Accrued expenses (including related party accrual of $102 and $15 as of June 30, 2020 and December 31, 2019, respectively) 3,297 1,305
Deferred rent — current portion 25 19
Lease liability — current portion   161
Total current liabilities 32,894 11,052
Deferred rent — long-term portion 8 17
Redeemable convertible preferred stock warrant liability   450
Other liabilities 136 242
Total liabilities 33,038 11,761
Commitments and contingencies (Note 5)
Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock value   160,310
Stockholders' Equity (Deficit)    
Common stock, $0.001 par value — 66,000,000 and 52,000,000 shares authorized as of June 30, 2020 and December 31, 2019, respectively, 50,881,698 and 4,059,909 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 54 7
Additional paid-in capital 539,965 2,967
Accumulated deficit (156,809) (109,347)
Total stockholders' equity (deficit) 383,210 (106,373)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) $ 416,248 65,698
Series A Redeemable Convertible Preferred Stock    
Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock value   24,967
Series B Redeemable Convertible Preferred Stock    
Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock value   55,151
Series C Redeemable Convertible Preferred Stock    
Redeemable Convertible Preferred Stock    
Redeemable convertible preferred stock value   $ 80,192