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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 105,372 $ 120,738
Prepaid expenses and other current assets 4,015 5,536
Income tax receivable 353 339
Other receivables 458 459
Total current assets 110,198 127,072
Property and equipment, net 3,314 3,727
Right-of-use asset 7,159 0
Income tax receivable 140 140
Total non-current assets 10,613 3,867
Total assets 120,811 130,939
Current liabilities:    
Accounts payable 689 555
Accrued expenses 7,235 8,139
Current portion of deferred rent 0 92
Current portion of lease liability 641 0
Current portion of notes payable 63 61
Total current liabilities 8,628 8,847
Long-term liabilities:    
Royalty obligation payable to Iowa Economic Development Authority 6,000 6,000
Notes payable 11 43
Lease liability 7,485 0
Deferred rent 0 906
Total long-term liabilities 13,496 6,949
Total liabilities 22,124 15,796
Stockholders' equity:    
Blank check preferred stock, $0.01 par value: Authorized shares — 5,000,000 at June 30, 2019 and December 31, 2018; issued and outstanding shares — 0 at June 30, 2019 and December 31, 2018 0 0
Common stock, $0.01 par value: Authorized shares — 75,000,000 at June 30, 2019 and December 31, 2018; issued 37,413,093 and 37,343,547 at June 30, 2019 and December 31, 2018, respectively; and outstanding 37,300,960 and 37,251,220 at June 30, 2019 and December 31, 2018, respectively 373 373
Additional paid-in capital 410,946 407,199
Treasury stock, at cost: 112,133 and 92,327 shares at June 30, 2019 and December 31, 2018, respectively (1,450) (1,417)
Accumulated deficit (311,182) (291,012)
Total stockholders' equity 98,687 115,143
Total liabilities and stockholders' equity $ 120,811 $ 130,939