Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Balance Sheets

v3.20.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 34,021 $ 41,920
Short-term investments 3,594 6,494
Prepaid expenses and other current assets 2,952 3,988
Total current assets 40,567 52,402
Other assets 812 812
Deferred offering costs 167 70
Restricted cash 273 273
Property and equipment, net 354 405
Operating lease right-of-use asset (See Note 7) 3,094 3,191
Total assets 45,267 57,153
Current liabilities:    
Accounts payable 4,853 7,177
Accrued expenses 2,387 3,801
Warrant liability 33 0
Operating lease liability, current portion (See Note 7) 43 36
Total current liabilities 7,316 11,014
Warrant liabilities 10,034 18,396
Convertible debt and derivative liabilities (See Note 6) 18,254 11,522
Operating lease liability (See Note 7) 3,330 3,326
Total liabilities 38,934 44,258
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value, authorized 5,000,000 shares as of June 30, 2020 and December 31, 2019; 0 shares issued and outstanding as of June 30, 2020 and December 31, 2019 0 0
Common stock, $0.001 par value, 100,000,000 shares authorized as of June 30, 2020 and December 31, 2019; 10,478,927 and 9,741,372 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 10 10
Additional paid-in capital 291,134 284,313
Accumulated deficit (284,811) (271,428)
Total stockholders’ equity 6,333 12,895
Total liabilities and stockholders’ equity $ 45,267 $ 57,153