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BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 61,031,000 $ 13,406,000
Restricted cash 20,000 20,000
Other receivable 233,000  
Prepaid expenses and other assets 1,344,000 340,000
Total current assets 62,628,000 13,766,000
Property and equipment, net 355,000 302,000
Other assets 43,000 31,000
Total assets 63,026,000 14,099,000
Current liabilities:    
Convertible promissory notes, net of discount   12,095,000
Derivative liability   3,028,000
Current portion of long-term debt   761,000
Accounts payable 1,806,000 430,000
Accrued expenses 2,771,000 1,281,000
Total current liabilities 4,577,000 17,595,000
Preferred stock warrant liability   1,656,000
Deferred rent 22,000 5,000
Long-term debt 7,500,000 2,625,000
Total liabilities 12,099,000 21,881,000
Commitments and contingencies (Note 7)
Redeemable convertible preferred stock, $0.001 par value; zero and 13,321,350 shares authorized at December 31, 2018 and 2017, respectively; zero and 9,131,999 shares issued and outstanding at December 31, 2018 and 2017, respectively.   89,633,543
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; 10,000,000 and zero shares authorized at December 31, 2018 and 2017, respectively; zero shares issued and outstanding at December 31, 2018 and 2017, respectively
Common stock, $0.001 par value; 200,000,000 and 14,918,087 shares authorized at December 31, 2018 and 2017, respectively; 24,528,242 shares issued and 24,498,275 shares outstanding at December 31, 2018; 775,755 shares issued and 745,788 shares outstanding at December 31, 2017 25,000 1,000
Treasury stock, at cost, 29,967 shares as of December 31, 2018 and 2017 (24,000) (24,000)
Additional paid-in capital 173,837,000 1,672,000
Accumulated deficit (122,911,000) (99,065,000)
Total stockholders’ equity (deficit) 50,927,000 (97,416,000)
Total liabilities, redeemable convertible preferred stock, and stockholders' equity (deficit) $ 63,026,000 $ 14,099,000