Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Balance Sheets

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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,619 $ 11,439
Short-term investments 16,487 32,718
Prepaid expenses and other current assets 854 7,251
Restricted cash 0 55
Total current assets 28,960 51,463
Other assets 812 812
Deferred offering costs 100 106
Restricted cash 273 273
Property and equipment, net 433 516
Operating lease right-of-use asset (See Note 7) 3,238 0
Total assets 33,816 53,170
Current liabilities:    
Accounts payable 5,825 3,653
Accrued expenses 2,236 2,103
Deferred revenue 0 121
Operating lease liability, current portion (See Note 7) 31 0
Total current liabilities 8,092 5,877
Warrant liabilities 3,629 986
Loan payable expected to be refinanced 0 15,082
Convertible debt and derivative liability (See Note 6) 12,574 0
Operating lease liability (See Note 7) 3,378 0
Total liabilities 27,673 21,945
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, authorized 5,000,000 shares as of September 30, 2019 and December 31, 2018; 0 shares issued and outstanding as of September 30, 2019 and December 31, 2018 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized as of September 30, 2019, and 125,000,000 shares authorized as of December 31, 2018; 57,362,453 and 47,971,989 shares issued and outstanding as of September 30, 2019, and December 31, 2018, respectively 57 48
Additional paid-in capital 263,056 248,895
Accumulated deficit (256,970) (217,718)
Total stockholders’ equity 6,143 31,225
Total liabilities and stockholders’ equity $ 33,816 $ 53,170