Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Non-employees

Recently Adopted Accounting Pronouncements

Schedule of assumptions used to determine the fair value of stock awards granted

Risk-free interest rate		2.3	%
Expected volatility		74	%
Expected dividend yield		—
Expected term (in years)		6.1
Common stock value	$	6.28

ASU 2018-07

Recently Adopted Accounting Pronouncements

Summary of impact of accounting standard adoption

The following table summarizes the cumulative effect to the Company’s condensed consolidated balance sheet upon the adoption of ASU 2018-07 on January 1, 2018 (in thousands):

	Balance at				Balance at
	December 31, 2017		Adjustments		January 1, 2018
Additional paid-in capital	$	17,277	$	(92)	$	17,185
Accumulated deficit		(60,979)		92		(60,887)

ASU 2016-02

Recently Adopted Accounting Pronouncements

Summary of impact of accounting standard adoption

The following table summarizes the financial impact on the Company’s condensed consolidated balance sheet upon the adoption of ASU 2016-02 and the cumulative effect adjustment on January 1, 2019 (in thousands):

	Balance at				Balance at
	December 31, 2018		Adjustments		January 1, 2019
Operating lease, right-of-use-asset	$	—	$	1,751	$	1,751
Property, plant and equipment, net		62,796		(45,142)		17,654
Deferred rent		143		(143)		—
Accrued expenses and other current liabilities		12,118		(4,451)		7,667
Lease liability, net of current portion		41,441		(41,441)		—
Operating lease liabilities		—		616		616
Operating lease liabilities, net of current portion		—		1,226		1,226
Accumulated deficit		(150,082)		800		(149,282)