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Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 256,672 $ 243,765
Prepaid expenses and other current assets 5,155 11,836
Total current assets 261,827 255,601
Property, plant and equipment, net 768 463
Operating lease right-of-use assets 939 933
Other long-term assets 381 181
Total assets 263,915 257,178
Current liabilities:    
Accounts payable (including related party amounts of $112 and $200, respectively) 1,187 699
Accrued expenses (including related party amounts of $177 and $308, respectively) 3,004 2,319
Accrued interest 237 156
Operating lease liabilities, current 148 161
Warrant liabilities   413
Total current liabilities 4,576 3,748
Long-term debt, net of discount 45,913 22,777
Operating lease liabilities 606 635
Other long-term liabilities 4,125 2,063
Total liabilities 55,220 29,223
Commitments and contingencies (Note 4)
Stockholders’ equity:    
Common stock, $0.0001 par value; authorized shares — 400,000,000; issued shares — 28,964,506; outstanding shares — 25,153,553 at March 31, 2020 and 24,728,258 at December 31, 2019, respectively; 2 2
Additional paid-in capital 485,253 484,372
Accumulated deficit (276,560) (256,419)
Total stockholders’ equity 208,695 227,955
Total liabilities and stockholders’ equity $ 263,915 $ 257,178