Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.20.1
Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 32,305 $ 32,892
Marketable securities 3,500 28,590
Prepaid expenses and other current assets 1,683 607
Total current assets 37,488 62,089
Restricted cash 1,309 1,303
Property and equipment, net 2,705 3,387
Right-of-use lease asset 5,472  
Other assets 20  
Total assets 46,994 66,779
Current liabilities:    
Accounts payable, net 1,047 1,416
Accrued expenses and other current liabilities 2,403 3,295
Current portion of loans payable, net 5,037 12,562
Lease liability 620 10
Deferred rent   207
Total current liabilities 9,107 17,490
Loans payable, net   4,811
Leases, net of current portion 7,804 20
Deferred rent, net of current portion   2,931
Warrant liability 5 1
Total liabilities 16,916 25,253
Commitments and contingencies (Note 8)
Stockholders' equity:    
Common stock - $0.001 par value; 200,000,000 shares authorized at December 31, 2019 and December 31, 2018; 94,213,760 and 82,323,413 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively 94 82
Preferred stock - $0.001 par value; 5,000,000 shares authorized, none issued or outstanding at December 31, 2019 and December 31, 2018
Additional paid-in capital 443,129 429,727
Accumulated deficit (413,145) (388,274)
Accumulated other comprehensive loss   (9)
Total stockholders' equity 30,078 41,526
Total liabilities and stockholders' equity $ 46,994 $ 66,779