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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 11,506 $ 1,571
Short-term investments 1,415
Accounts receivable 1,796 630
Prepaid expenses and other current assets 1,343 137
Total current assets 14,645 3,753
Property and equipment, net 1,066 730
Intangible assets, net 19,413 40
Other long-term assets 103
Total assets 35,227 4,523
Current liabilities:    
Accounts payable 962 1,390
Current portion of secured promissory note payable to Oxford Finance 1,667 1,528
Liability related to sale of future royalties, current portion 3,328
Other accrued current liabilities 1,518 1,605
Total current liabilities 7,475 4,523
Convertible promissory notes, long-term, related parties 35,282
Liability related to sale of future royalties, net of current portion 14,413
Secured promissory note payable to Oxford Finance, net of current portion 1,944 3,440
Other long-term liabilities 157
Total liabilities 23,989 43,245
Stockholders’ equity (deficit):    
Preferred Stock: $0.10 par value; 5,000,000 shares authorized; none issued and outstanding as of December 31, 2018; 1,221,064 issued and outstanding as of December 31, 2017, with aggregate liquidation value of $39,956 1
Common Stock: $0.10 par value; 200,000,000 shares authorized; 7,141,189 and 138,492 shares issued and outstanding as of December 31, 2018 and 2017, respectively 714
Additional paid-in capital 108,513 41,259
Accumulated deficit (97,989) (79,982)
Total stockholders’ equity (deficit) 11,238 (38,722)
Total liabilities and stockholders’ equity (deficit) $ 35,227 $ 4,523