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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 154,666,000 $ 51,660,000
Prepaid expenses and other current assets 1,048,000 24,000
Total current assets 155,714,000 51,684,000
Equipment, net 164,000 134,000
Restricted cash 55,000 0
Deferred offering costs 2,303,000 0
Other non-current assets 59,000 8,000
Total assets 158,295,000 51,826,000
Current liabilities:    
Accounts payable 1,964,000 416,000
Amounts due to related party 0 1,707,000
Accrued expenses and other current liabilities 2,899,000 452,000
Total current liabilities 4,863,000 2,575,000
Derivative liabilities 16,000 4,023,000
Total liabilities 4,879,000 6,598,000
Commitments and contingencies (Note 11) 0 0
Convertible preferred stock (series A, B and C); $0.0001 par value; 64,871,795 shares authorized at December 31, 2019 and 44,867,089 shares authorized at December 31, 2018; 64,839,353 shares issued and outstanding at December 31, 2019 and 33,668,075 shares issued and outstanding at December 31, 2018; aggregate liquidation preference of $194,727 at December 31, 2019 and $65,002 at December 31, 2018 200,573,000 60,770,000
Stockholders' equity (deficit):    
Common stock; $0.0001 par value; 80,000,000 shares authorized at December 31, 2019 and 57,803,522 shares authorized at December 31, 2018; 2,236,672 shares issued and outstanding at December 31, 2019 and 2,173,684 shares issued and outstanding at December 31, 2018 1,000 1,000
Additional paid-in capital 3,812,000 169,000
Accumulated deficit (50,970,000) (15,712,000)
Total stockholders' equity (deficit) (47,157,000) (15,542,000)
Total liabilities, convertible preferred stock and stockholders' equity (deficit) $ 158,295,000 $ 51,826,000