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CONDENSED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Total revenue $ 703   $ 1,356  
Operating expenses:        
Research and development 7,781 $ 3,190 13,502 $ 5,425
General and administrative 2,404 917 4,720 1,560
Total operating expenses 10,185 4,107 18,222 6,985
Loss from operations (9,482) (4,107) (16,866) (6,985)
Other income (expense):        
Interest income 491 36 808 72
Interest expense (219) (1,447) (445) (2,851)
Foreign exchange loss (22)   (22)  
Change in fair value of warrant liability   (1,001)   (996)
Change in fair value of derivative liability   (155)   (317)
Total other income (expense) 250 (2,567) 341 (4,092)
Net loss $ (9,232) $ (6,674) $ (16,525) $ (11,077)
Net loss per common share, basic and diluted $ (0.33) $ (8.95) $ (0.63) $ (14.85)
Weighted average common shares outstanding, basic and diluted 27,932,610 745,812 26,224,986 745,812
Grant Revenue        
Revenue:        
Total revenue $ 203   $ 856  
Collaborative Agreement        
Revenue:        
Total revenue $ 500   $ 500