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BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 28,122 $ 74,025
Other receivables 0 1,233
Prepaid expenses and other assets 12,027 3,565
Total current assets 40,149 78,823
Property and equipment, net 8,224 1,924
Operating lease right-of-use assets 1,927 1,715
Other assets 57 32
Total assets 50,357 82,494
Current liabilities:    
Current portion of long-term debt 5,355 2,378
Accounts payable 3,674 2,921
Accrued expenses and other current liabilities 5,931 3,180
Total current liabilities 14,960 8,479
Long-term debt, net 6,773 12,326
Operating lease liabilities, net 1,548 1,508
Development derivative liability 51,719 0
Other long-term liabilities 559 203
Total liabilities 75,559 22,516
Commitments and contingencies (Note 8)
Stockholders’ (deficit) equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; zero shares issued and outstanding at December 31, 2020 and 2019 0 0
Common stock, $0.001 par value; 200,000,000 shares authorized; 29,471,854 shares issued and 29,441,887 shares outstanding at December 31, 2020; 28,796,371 shares issued and 28,766,404 shares outstanding at December 31, 2019 29 29
Treasury stock, at cost, 29,967 shares as of December 31, 2020 and 2019 (24) (24)
Additional paid-in capital 235,516 222,131
Accumulated deficit (260,723) (162,158)
Total stockholders’ (deficit) equity (25,202) 59,978
Total liabilities and stockholders' (deficit) equity $ 50,357 $ 82,494
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] us-gaap:OtherLiabilitiesCurrent us-gaap:OtherLiabilitiesCurrent