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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 37,741 $ 48,121
Prepaid expenses and other current assets 3,727 6,326
Total current assets 41,468 54,447
Restricted cash 20 20
Property and equipment, net of accumulated depreciation of $820 and $758, respectively 185 238
Intangible assets 46,400 46,400
Goodwill 13,064 13,064
Other assets 76 196
Total Assets 101,213 114,365
Current liabilities:    
Accounts payable 1,274 1,902
Accrued expenses 4,866 6,169
Other current liabilities 373 446
Total current liabilities 6,513 8,517
Contingent consideration 84,800 120,020
Deferred tax liability 12,528 12,528
Total Liabilities 103,841 141,065
Commitments and contingencies
Stockholders’ Deficit:    
Preferred stock, $0.001 par value per share; 5,000,000 shares authorized at June 30, 2020 and December 31, 2019; no shares issued and outstanding at June 30, 2020 and December 31, 2019 0 0
Common stock, $0.001 par value per share; 200,000,000 shares authorized at June 30, 2020 and December 31, 2019; 116,627,653 and 106,801,409 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 116 107
Additional paid-in capital 275,560 266,717
Accumulated deficit (278,304) (293,524)
Total Stockholders’ Deficit (2,628) (26,700)
Total Liabilities and Stockholders’ Deficit $ 101,213 $ 114,365