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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 39,695 $ 47,076
Prepaid expenses and other current assets 1,952 3,126
Total current assets 41,647 50,202
Property and equipment, net 1,188 1,126
Restricted cash 151 263
Operating lease, right-of-use asset 4,892  
Other assets 320 320
Total assets 48,198 51,911
Current liabilities:    
Accounts payable 1,061 1,061
Accrued expenses 1,290 1,571
Operating lease obligations, current portion 1,025  
Current portion of long-term debt 7,474 7,467
Total current liabilities 10,850 10,099
Long-term debt, net of current portion   1,867
Operating lease obligations, long-term portion 3,877  
Total liabilities 14,727 11,966
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000 shares authorized and no shares issued and outstanding as of March 31, 2021 and December 31, 2020
Common stock, $0.0001 par value: 300,000 shares authorized; 52,081 and 52,117 shares issued at March 31, 2021 and December 31, 2020, respectively; 51,313 and 51,221 shares outstanding at March 31, 2021 and December 31, 2020, respectively 5 5
Additional paid-in-capital 192,296 191,348
Accumulated deficit (158,830) (151,408)
Total stockholders' equity 33,471 39,945
Total liabilities and stockholders' equity $ 48,198 $ 51,911