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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 13,675 $ 14,430
Accounts receivable 1,911 0
Contract asset - current 8,439 0
Prepaid expenses and other current assets 841 105
Total current assets 24,866 14,535
Property and equipment, net of accumulated depreciation of $2,479 and $2,311, respectively 1,289 1,222
Right of use asset - operating lease 4,421  
Contract asset - long term 4,279  
Other assets 1 1
Total assets 34,856 15,758
Current liabilities:    
Accounts payable 1,085 452
Related party payable 3,815 100
Income taxes payable 634 0
Accrued expenses 1,381 1,470
Lease liability, current - operating lease 186  
Deferred rent, current   150
Total current liabilities 7,101 2,172
Convertible promissory notes, net of debt discount of $18,003 and $18,003, respectively (see Note 6) 0 0
Accrued interest payable 2,134 1,738
Warrant liability 144 152
Derivative liability 2,557 1,474
Lease liability, operating lease 5,057  
Deferred rent   665
Total liabilities 16,993 6,201
Stockholders’ equity:    
Series A nonredeemable convertible preferred stock; 8,000 shares designated, 8,000 shares issued and outstanding as of June 30, 2019 and December 31, 2018 respectively; aggregate liquidation preference of $8,771 at June 30, 2019 and $8,600 at December 31, 2018. 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized, 9,758,332 shares issued and outstanding at June 30, 2019 and December 31, 2018. 10 10
Additional paid-in capital 198,856 198,627
Accumulated deficit (181,003) (189,080)
Total stockholders’ equity 17,863 9,557
Total liabilities and stockholders’ equity $ 34,856 $ 15,758