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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 7,225,000 $ 8,067,000
Marketable securities, available-for-sale 18,473,000 0
Prepaid expenses and other current assets 5,034,000 204,000
Total current assets 30,732,000 8,271,000
Property and equipment, net 20,000 37,000
Operating lease right-of-use asset 176,000  
Intangible assets 441,000 441,000
Total assets 31,369,000 8,749,000
Current liabilities:    
Accounts payable 1,291,000 4,067,000
Accrued liabilities 3,475,000 3,272,000
Lease liability, current portion 75,000  
Deferred revenue, current portion 2,464,000 8,117,000
Note payable 0 4,639,000
Total current liabilities 7,305,000 20,095,000
Contingent consideration 145,000 145,000
Lease liability, net of current portion 94,000  
Warrant liability 0 242,000
Deferred revenue, net of current portion 0 1,595,000
Research and development funding liability 5,600,000 0
Total liabilities 13,144,000 22,077,000
Redeemable convertible preferred stock (Series A, B, C and C-1), $0.01 par value, 5,000,000 and 4,182,943 shares authorized at September 30, 2019 and December 31, 2018, respectively; 0 and 1,256,466 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively; aggregate liquidation preference of $0 and $46,985 at September 30, 2019 and December 31, 2018, respectively 0 58,290,000
Commitments and contingencies (Note 8)
Stockholders’ equity (deficit):    
Common stock, $0.01 par value, 50,000,000 and 8,000,000 shares authorized at September 30, 2019 and December 31, 2018, respectively; 7,810,680 and 589,001 issued and outstanding at September 30, 2019 and December 31, 2018, respectively 78,000 6,000
Additional paid-in capital 92,276,000 0
Accumulated other comprehensive loss (11,000) 0
Accumulated deficit (74,118,000) (71,624,000)
Total stockholders’ equity (deficit) 18,225,000 (71,618,000)
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity (deficit) $ 31,369,000 $ 8,749,000