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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 165,266 $ 126,870
Short-term investments 19,318 0
Accounts receivable 107 334
Prepaid expenses and other current assets 4,801 1,327
Total current assets 189,492 128,531
Long-term investments 14,339 0
Property and equipment, net 4,339 1,480
Right-of-use assets, net 5,808 6,838
Intangible assets, net 14,495 15,361
Other long-term assets 371 372
Total assets 228,844 152,582
Current liabilities:    
Accounts payable 3,702 2,133
Current portion of operating lease liability 1,791 2,052
Liability related to sale of future royalties, current portion 3,150 2,779
Other accrued liabilities 4,137 4,799
Total current liabilities 12,780 11,763
Operating lease liability, net of current portion 4,363 5,156
Liability related to sale of future royalties, net of current portion 11,777 12,150
Other long-term liabilities 142 109
Total liabilities 29,062 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 June 30, 2021 and December 31, 2020 0 0
Common stock: $0.0001 par value; 150,000,000 shares authorized; 122,814,467 and 110,271,093 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 12 11
Additional paid-in capital 380,783 272,274
Accumulated deficit (181,004) (148,881)
Accumulated other comprehensive loss (9) 0
Total stockholders’ equity 199,782 123,404
Total liabilities and stockholders’ equity $ 228,844 $ 152,582