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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 209,669 $ 287,496
Prepaid expenses and other current assets (including related party amounts of $0 and $82, respectively) 1,669 3,872
Total current assets 211,338 291,368
Property, plant and equipment, net 803 986
Operating lease right-of-use assets 2,147 2,373
Other long-term assets 291 384
Total assets 214,579 295,111
Current liabilities:    
Accounts payable (including related party amounts of $124 and $173, respectively) 5,401 16,782
Accrued clinical trial expenses 14,238 19,997
Accrued expenses (including related party amounts of $1,505 and $734, respectively) 8,845 10,606
Accrued interest 302 312
Current portion of long-term debt 10,345 7,353
Operating lease liabilities, current 480 474
Total current liabilities 39,611 55,524
Long-term debt, net of discount 37,340 39,634
Operating lease liabilities 1,375 1,557
Other long-term liabilities 4,125 4,125
Total liabilities 82,451 100,840
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; authorized shares - 40,000,000 at June 30, 2021 and December 31, 2020 ; no shares issued and outstanding at June 30, 2021 and December 31, 2020
Common stock, $0.0001 par value; authorized shares — 400,000,000; issued shares — 31,329,613 and 31,262,769 at June 30, 2021 and December 31, 2020, respectively; outstanding shares — 29,186,169 and 28,516,010 at June 30, 2021 and December 31, 2020, respectively 3 3
Additional paid-in capital 589,007 579,755
Accumulated deficit (456,882) (385,487)
Total stockholders’ equity 132,128 194,271
Total liabilities and stockholders’ equity $ 214,579 $ 295,111