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Condensed Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 20,634 $ 24,872
Short term investments 38,410 46,844
Restricted cash 250  
Prepaid expenses and other current assets 4,496 868
Total current assets 63,790 72,584
Property and equipment, net 314 283
Right-of-use asset 815  
Long term investments 5,416  
Other assets 261 10
Total assets 70,596 72,877
Current liabilities:    
Accounts Payable 1,946 495
Accrued expenses and other current liabilities 1,724 962
Short-term lease liability 340  
Total current liabilities 4,010 1,457
Long-term lease liability 475  
Total liabilities 4,485 1,457
Commitments and contingencies (Note 6)
Stockholders’ deficit:    
Common stock, $0.001 par value, 24,794,114 and 24,794,114 shares authorized, 3,566,923 and 3,412,366 issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 4 3
Additional paid in capital 498 245
Accumulated other comprehensive loss (23) (49)
Accumulated deficit (38,506) (32,825)
Total stockholders’ deficit (38,027) (32,626)
Total liabilities, redeemable convertible preferred stock and stockholders’ deficit 70,596 72,877
Series A Redeemable Convertible Preferred Stock    
Current liabilities:    
Series A redeemable convertible preferred stock, par value $0.001, 9,008,931 shares authorized, 9,008,919 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively; liquidation preference of $17,178 at March 31, 2019 and December 31, 2018, respectively 17,178 17,178
Series B Redeemable Convertible Preferred Stock    
Current liabilities:    
Series A redeemable convertible preferred stock, par value $0.001, 9,008,931 shares authorized, 9,008,919 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively; liquidation preference of $17,178 at March 31, 2019 and December 31, 2018, respectively $ 86,960 $ 86,868