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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 136,870,000 $ 19,868,000
Grants receivable 212,000 5,196,000
R&D tax credits receivable 133,000 133,000
Prepaid expenses and other current assets 3,180,000 879,000
Total current assets 140,395,000 26,076,000
Property and equipment, net 1,251,000 1,336,000
R&D tax credits receivable 3,172,000 2,917,000
Restricted cash 123,000 122,000
Other assets 270,000 293,000
Total assets 145,211,000 30,744,000
Current liabilities:    
Accounts payable 2,656,000 1,174,000
Accrued expenses and other current liabilities 3,360,000 4,262,000
Preferred stock tranche rights liability   5,400,000
Deferred income 1,500,000 2,360,000
Total current liabilities 7,516,000 13,196,000
Grants repayable 4,161,000 1,397,000
Other noncurrent liabilities 484,000 482,000
Total liabilities 12,161,000 15,075,000
Commitments and contingencies (Note 9)
Stockholders’ deficit:    
Common stock, $0.001 par value, 90,000,000 and 50,000,000 shares authorized at June 30, 2020 and December 31, 2019, respectively; 388,415 and 256,548 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 1,000 1,000
Additional paid-in capital 687,000  
Accumulated other comprehensive loss (296,000) (224,000)
Accumulated deficit (48,314,000) (35,865,000)
Total stockholders’ deficit (47,922,000) (36,088,000)
Total liabilities, redeemable convertible preferred stock and stockholders’ deficit 145,211,000 30,744,000
Series B-2 Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock, value 127,090,000  
Series B Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock, value 48,529,000 46,404,000
Series A-1 and A-2 Preferred Stock    
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock, value $ 5,353,000 $ 5,353,000