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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities    
Net income (loss) $ 340 $ (2,105)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Share-based compensation 177 48
Depreciation and amortization 70 8
Impairment of ROU assets (29) 0
Amortization of right-of-use asset and change in operating lease liability (32) 3
In-process research and development charge 426 0
Deferred tax benefit 990 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 382 (96)
Other receivables 61 0
Accounts payable and accrued expenses 758 (42)
Income taxes receivable (4,473) (2)
Net cash used in operating activities (3,310) (2,186)
Cash Flows From Investing Activities    
Cash acquired in connection with merger 84,179 0
Net cash provided by investing activities 84,179 0
Net increase (decrease) in cash and cash equivalents 80,869 (2,186)
Cash and cash equivalents at beginning of period 4,952 14,022
Cash and cash equivalents at end of period $ 85,821 $ 11,836