Selected Unaudited Quarterly Financial Data

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected Unaudited Quarterly Financial Data

Note 13: Selected Unaudited Quarterly Financial Data

The following table summarizes the Company’s unaudited quarterly financial data for the last two years (in thousands, except per share data):

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2019
Total revenues	$	1,750		$	1,750		$	1,750		$	9,750
Total operating expenses	$	20,523		$	30,910		$	24,999		$	27,277
Net loss	$	(17,670	)	$	(28,090	)	$	(22,352	)	$	(16,598	)
Net loss per share — basic and diluted	$	(0.41	)	$	(0.64	)	$	(0.51	)	$	(0.38	)
Weighted average number of shares, basic    and diluted		43,508,592			43,797,718			43,939,281			44,056,407
2018
Total revenues	$	1,250		$	1,250		$	4,291		$	1,562
Total operating expenses	$	14,581		$	17,149		$	16,436		$	15,046
Net loss	$	(12,954	)	$	(13,533	)	$	(10,812	)	$	(12,295	)
Net loss per share — basic and diluted	$	(1.37	)	$	(0.32	)	$	(0.25	)	$	(0.28	)
Weighted average number of shares, basic    and diluted		9,488,352			42,533,641			42,838,098			43,163,412