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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 16,258 $ 11,506
Accounts receivable 35 1,796
Prepaid expenses and other current assets 814 1,343
Total current assets 17,107 14,645
Property and equipment, net 1,517 1,066
Right-of-use assets, net 565
Intangible assets, net 17,959 19,413
Other long-term assets 102 103
Total assets 37,250 35,227
Current liabilities:    
Accounts payable 610 962
Current portion of secured promissory note payable to Oxford Finance 1,667 1,667
Current portion of operating lease liability 565
Liability related to sale of future royalties, current portion 3,150 3,328
Other accrued liabilities 1,485 1,518
Total current liabilities 7,477 7,475
Operating lease liability, net of current portion 216
Long-term portion 12,519 14,413
Secured promissory note payable to Oxford Finance, net of current portion 1,175 1,944
Other long-term liabilities 18 157
Total liabilities 21,405 23,989
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred Stock: $0.10 par value; 5,000,000 shares authorized; none issued and outstanding as of June 30, 2019 or December 31, 2018
Common Stock: $0.10 par value; 100,000,000 shares authorized; 15,785,735 and 7,141,189 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 1,579 714
Additional paid-in capital 119,258 108,513
Accumulated deficit (104,992) (97,989)
Total stockholders’ equity 15,845 11,238
Total liabilities and stockholders’ equity $ 37,250 $ 35,227