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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 55,518 $ 25,303
Prepaid expenses and other current assets 2,314 935
Total current assets 57,832 26,238
Property and equipment, net 2,418 3,751
Restricted cash 263 263
Other assets 177 129
Total assets 60,690 30,381
Current liabilities:    
Current portion of long-term debt 7,461 5,576
Accounts payable 854 629
Accrued expenses 1,358 3,122
Derivative liability related to loan   494
Total current liabilities 9,673 9,821
Long-term debt, net of current portion 3,730 9,293
Total liabilities 13,403 19,114
Commitments and contingencies (Note 11)
Convertible preferred stock - 207,164,404 authorized, issued, and outstanding as of December 31, 2019. No shares authorized, issued, and outstanding as of September 30, 2020.   129,870
Stockholders' equity (deficit):    
Preferred stock, $0.0001 par value: 10,000,000 shares authorized and no shares issued and outstanding as of September 30, 2020; no shares issued and outstanding as of December 31, 2019
Common stock, $0.0001 par value: 300,000,000 shares authorized; 52,123,374 and 9,073,002 shares issued at September 30, 2020 and December 31, 2019, respectively; 51,672,326 and 7,034,047 shares outstanding at September 30, 2020 and December 31, 2019, respectively 5 1
Additional paid-in-capital 190,299 3,304
Accumulated deficit (143,017) (121,908)
Total stockholders' equity (deficit) 47,287 (118,603)
Total liabilities and stockholders' equity (deficit) $ 60,690 $ 30,381