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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 44,541 $ 33,229
Short-term investments   4,499
Prepaid expenses and other current assets 2,477 3,627
Total current assets 47,018 41,355
Property and equipment, net 38 44
Operating lease right-of-use assets 882 930
Other assets 70 70
Total assets 48,008 42,399
Current liabilities:    
Accounts payable 185 329
Accrued expenses 4,398 6,072
Operating lease liability 196 191
Other current liability 217 435
Total current liabilities 4,996 7,027
Warrant liability, long-term   6,983
Future tranche right liability, long-term   118,803
Operating lease liability, net of current portion 708 758
Total liabilities 5,704 133,571
Commitments and contingencies (Note 13)
Stockholders' equity (deficit):    
Common stock, $0.001 par value, Authorized - 140,000 shares; Issued and outstanding - 46,537 and 38,291 at March 31, 2021 and December 31, 2020, respectively 46 38
Additional paid-in capital 760,072 742,342
Accumulated deficit (717,814) (833,552)
Total stockholders' equity (deficit) 42,304 (91,172)
Total liabilities and stockholders' equity (deficit) 48,008 42,399
Series B1 Redeemable Convertible Preferred Stock    
Stockholders' equity (deficit):    
Preferred stock
Series A Convertible Preferred Stock    
Stockholders' equity (deficit):    
Preferred stock