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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 90,173 $ 77,833
Prepaid expenses and other current assets 2,544 3,176
Total current assets 92,717 81,009
Property and equipment, net 8,002 8,341
Right of use asset - operating lease 11,616  
Other assets 1,570 1,570
Total assets 113,905 90,920
Current liabilities:    
Accounts payable 3,439 620
Accrued expenses 7,986 8,758
Operating lease liability, current portion 1,788  
Other current liabilities 395 365
Total current liabilities 13,608 9,743
Noncurrent liabilities:    
Long-term debt 19,806 19,634
Operating lease liability, net of current portion 10,982  
Deferred rent, net of current portion   1,148
Other noncurrent liabilities 303 198
Total liabilities 44,699 30,723
Commitments and contingencies
Stockholder’s equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding at June 30, 2020 and December 31, 2019, respectively 0 0
Common stock, $0.001 par value; 200,000,000 shares authorized; 46,173,415 and 32,232,258 shares issued and 46,136,643 and 32,170,605 shares outstanding at June 30, 2020 and December 31, 2019, respectively 46 32
Additional paid-in capital 311,706 259,018
Accumulated deficit (242,546) (198,853)
Total stockholders’ equity 69,206 60,197
Total liabilities and stockholders’ equity $ 113,905 $ 90,920