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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 7,232 $ 8,067
Marketable securities, available-for-sale 4,497 0
Prepaid expenses and other current assets 6,240 204
Total current assets 17,969 8,271
Property and equipment, net 16 37
Operating lease right-of-use asset 159  
Intangible assets 0 441
Total assets 18,144 8,749
Current liabilities:    
Accounts payable 2,245 4,067
Accrued liabilities 6,379 3,272
Lease liability, current portion 78  
Deferred revenue, current portion 1,795 8,117
Note payable 0 4,639
Total current liabilities 10,497 20,095
Lease liability, net of current portion 73  
Contingent consideration 0 145
Warrant liability 0 242
Deferred revenue, net of current portion 0 1,595
Total liabilities 10,570 22,077
Redeemable convertible preferred stock (Series A, B, C and C-1), $0.01 par value, 5,000,000 and 4,182,943 shares authorized at December 31, 2019 and 2018, respectively; 0 and 1,256,466 shares issued and outstanding at December 31, 2019 and 2018, respectively; aggregate liquidation preference of $0 and $46,985 at December 31, 2019 and 2018, respectively 0 58,290
Commitments and contingencies (Note 7)
Stockholders’ equity (deficit):    
Common stock, $0.01 par value, 50,000,000 and 8,000,000 shares authorized at December 31, 2019 and 2018, respectively; 8,480,968 and 589,001 shares issued and outstanding at December 31, 2019 and 2018, respectively 85 6
Additional paid-in capital 92,497 0
Accumulated other comprehensive loss (28) 0
Accumulated deficit (84,980) (71,624)
Total stockholders’ equity (deficit) 7,574 (71,618)
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity (deficit) $ 18,144 $ 8,749