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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 13,526 $ 11,506
Accounts receivable 3,619 1,796
Prepaid expenses and other current assets 453 1,343
Total current assets 17,598 14,645
Property and equipment, net 210 1,066
Right-of-use assets, net 1,990
Intangible assets, net 17,093 19,413
Other long-term assets 141 103
Total assets 37,032 35,227
Current liabilities:    
Accounts payable 852 962
Current portion of secured promissory note payable to Oxford Finance 1,667
Current portion of operating lease liability 841
Liability related to the sale of future royalties, current portion 2,916 3,328
Other accrued current liabilities 4,565 1,518
Total current liabilities 9,174 7,475
Operating lease liability, net of current portion 1,472
Liability related to the sale of future royalties, net of current portion 13,416 14,413
Secured promissory note payable to Oxford Finance, net of current portion 1,944
Other long-term liabilities 18 157
Total liabilities 24,080 23,989
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred Stock: $0.10 par value; 5,000,000 shares authorized; none issued and outstanding as of December 31, 2019 or 2018
Common Stock: $0.10 par value; 100,000,000 shares authorized; 48,254,994 and 7,141,189 shares issued and outstanding as of December 31, 2019 and 2018, respectively 4,825 714
Additional paid-in capital 124,788 108,513
Accumulated deficit (116,661) (97,989)
Total stockholders’ equity 12,952 11,238
Total liabilities and stockholders’ equity $ 37,032 $ 35,227