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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 125,549 $ 135,173
Restricted cash 5,039 460
Prepaid expenses and other current assets 1,049 152
Total current assets 131,637 135,785
Property and equipment, net 11,779 11,407
Other assets 2,010 436
Total assets 145,426 147,628
Current liabilities:    
Accounts payable 2,938 2,483
Accrued liabilities 1,846 2,411
Deferred rent, current portion 3 28
Term loan, current portion 278 387
Deferred revenue from related party, current portion 5,240 4,989
Total current liabilities 10,305 10,298
Deferred rent, net of current portion 260 242
Term loan, net of current portion 4,722 73
Deferred revenue from related party, net of current portion 20,628 21,736
Total liabilities 35,915 32,349
Commitments and contingencies (Note 6)
Total Preferred Stock 162,223 162,223
Stockholders’ deficit:    
Common stock, par value of $0.001 per share; 158,745,671 shares authorized at March 31, 2019 and December 31, 2018, 1,379,509 and 1,374,812 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 11 11
Additional paid-in capital 729 342
Accumulated deficit (53,452) (47,297)
Total stockholders’ deficit (52,712) (46,944)
Total liabilities, preferred stock and stockholders’ deficit 145,426 147,628
Series A Preferred Stock    
Current liabilities:    
Total Preferred Stock 71,000 71,000
Series B Preferred Stock    
Current liabilities:    
Total Preferred Stock $ 91,223 $ 91,223