Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 85,821	$ 4,952
Prepaid expenses and other current assets	2,318	82
Income tax receivable	4,665	0
Other receivables	355	35
Total current assets	93,159	5,069
Non-current assets:
Property and equipment, net	1,064	84
Right-of-use asset	812	373
Economic interest in Priority Review Voucher ("PRV"), held for sale	87,920	0
Total non-current assets	89,796	457
Total assets	182,955	5,526
Current liabilities:
Accounts payable	2,362	365
Accrued expenses	7,732	709
PRV related liability	35,720	0
Current portion of lease liability	926	189
Current portion of notes payable	27	0
Total current liabilities	46,767	1,263
Long-term liabilities:
Royalty obligation payable to Iowa Economic Development Authority	6,000	0
Lease liability	140	191
Deferred tax liability	8,510	0
Total long-term liabilities	14,650	191
Total liabilities	61,417	1,454
Stockholders' equity:
Undesignated preferred stock, $0.01 par value: Authorized shares - 5,000,000 at March 31, 2020 and December 31, 2019, respectively: issued and outstanding shares - 0 at March 31, 2020 and December 31, 2019	0	0
Common stock, $0.01 par value: Authorized shares — 75,000,000 and 36,000,000 at March 31, 2020 and December 31, 2019, respectively; issued and outstanding 8,292,803 and 1,177,933 at March 31, 2020 and December 31, 2019, respectively	83	12
Additional paid-in capital	181,443	202
Accumulated deficit	(59,988)	(59,677)
Total stockholders' equity (deficit)	121,538	(59,463)
Total liabilities and stockholders' equity (deficit)	182,955	5,526
Preferred Stock Series A
Long-term liabilities:
Redeemable convertible preferred stock	0	21,904
Stockholders' equity:
Total stockholders' equity (deficit)	0	21,904
Preferred Stock Series B
Long-term liabilities:
Redeemable convertible preferred stock	0	41,631
Stockholders' equity:
Total stockholders' equity (deficit)	$ 0	$ 41,631