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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 157,311 $ 126,870
Short-term investments 13,385 0
Accounts receivable 700 334
Prepaid expenses and other current assets 4,024 1,327
Total current assets 175,420 128,531
Long-term investments 6,554 0
Property and equipment, net 2,245 1,480
Right-of-use assets, net 6,350 6,838
Intangible assets, net 14,928 15,361
Other long-term assets 369 372
Total assets 205,866 152,582
Current liabilities:    
Accounts payable 4,638 2,133
Current portion of operating lease liability 2,006 2,052
Liability related to sale of future royalties, current portion 1,822 2,779
Other accrued liabilities 3,176 4,799
Total current liabilities 11,642 11,763
Operating lease liability, net of current portion 4,628 5,156
Liability related to sale of future royalties, net of current portion 13,239 12,150
Other long-term liabilities 122 109
Total liabilities 29,631 29,178
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock: $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of March 31, 2021 and December 31, 2020 0 0
Common stock: $0.0001 par value; 150,000,000 shares authorized; 117,963,912 and 110,271,093 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 12 11
Additional paid-in capital 341,116 272,274
Accumulated deficit (164,888) (148,881)
Accumulated other comprehensive loss (5) 0
Total stockholders’ equity 176,235 123,404
Total liabilities and stockholders’ equity $ 205,866 $ 152,582