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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 133,438 $ 13,526
Accounts receivable 250 3,619
Prepaid expenses and other current assets 1,903 453
Total current assets 135,591 17,598
Property and equipment, net 662 210
Right-of-use assets, net 2,591 1,990
Intangible assets, net 15,794 17,093
Other long-term assets 72 141
Total assets 154,710 37,032
Current liabilities:    
Accounts payable 1,871 852
Current portion of operating lease liability 1,699 841
Liability related to sale of future royalties, current portion 3,008 2,916
Other accrued liabilities 3,724 4,565
Total current liabilities 10,302 9,174
Operating lease liability, net of current portion 1,032 1,472
Liability related to sale of future royalties, net of current portion 11,698 13,416
Other long-term liabilities 18
Total liabilities 23,032 24,080
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock: $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of September 30, 2020 and December 31, 2019
Common stock: $0.0001 par value; 150,000,000 shares authorized; 109,468,945 and 48,254,994 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 11 5
Additional paid-in capital 266,687 129,608
Accumulated deficit (135,020) (116,661)
Total stockholders’ equity 131,678 12,952
Total liabilities and stockholders’ equity $ 154,710 $ 37,032