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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 175,754 $ 23,565
Restricted cash   67
Prepaid expenses and other current assets 3,749 403
Total current assets 179,503 24,035
Property and equipment, net 267 26
Deferred offering costs   134
Equity method investment (Note 5) 4,900 2,753
Restricted cash 0 60
Deferred tax assets   9
Total assets 184,670 27,017
Current liabilities:    
Notes payable, net of discount   4,216
Accounts payable 8,753 746
Accrued expenses 13,360 2,980
Total current liabilities 22,113 7,942
Warrant liability 6,289 780
Derivative liability 0 512
Contingent equity liability   18,938
Notes payable to related parties   595
Other long-term liabilities 75 13
Total liabilities 28,477 28,780
Commitments and contingencies (Note 14)
Series A convertible preferred shares, no par value, 0 and 11,242,172 shares authorized as of September 30, 2017 and December 31, 2016, respectively; 0 and 4,948,369 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively; aggregate liquidation preference of $0 and $45,976 as of September 30, 2017 and December 31, 2016, respectively   43,270
Shareholders' equity (deficit):    
Common shares, no par value; 200,000,000 and 38,000,000 shares authorized as of September 30, 2017 and December 31, 2016, respectively; 35,930,698 and 13,088,500 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively 310,635 19,944
Additional paid-in capital 21,122 10,479
Accumulated deficit (175,564) (75,456)
Total shareholders' equity (deficit) 156,193 (45,033)
Total liabilities, convertible preferred shares and shareholders' equity (deficit) $ 184,670 $ 27,017