Financials

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash $ 33,010 $ 7,418
Restricted cash 50 50
Accounts receivable 556 644
Prepaid expenses and other current assets 399 169
Total current assets 34,015 8,281
Property and equipment, net 591 431
Deposits 46 50
Operating lease right-of-use assets, net (including $39 to related party) 498 677
Goodwill 19,092 19,092
Total assets 54,242 28,531
Current liabilities:    
Accounts payable and accrued expenses 1,080 1,999
Current maturities of finance lease liabilities 39 103
Current maturities of operating lease liabilities (including $39 to related party) 178 177
Derivative liabilities 61 7
Total current liabilities 1,358 2,286
Long-term liabilities:    
Finance lease liabilities 34 14
Operating lease liabilities 345 523
Total long-term liabilities 379 537
Total liabilities 1,737 2,823
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value; 100,000 shares authorized as of December 31, 2020 and December 31, 2019; 70,439 and 35,150 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively 71 36
Additional paid-in capital 297,342 260,932
Accumulated deficit (244,908) (235,260)
Total stockholders' equity 52,505 25,708
Total liabilities and stockholders' equity $ 54,242 $ 28,531

Source

v3.20.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues:    
Collaboration revenue $ 2,014 $ 6,564
Operating expenses:    
Research and development 6,307 4,004
General and administrative 5,293 4,863
Impairments 46,103
Total operating expenses 11,600 54,970
Loss from operations (9,586) (48,406)
Other (expense) income:    
Interest expense, net (8) (19)
Change in fair value of derivative liabilities (54) 256
Total other income (expense), net (62) 237
Loss before income taxes (9,648) (48,169)
Income tax
Net loss $ (9,648) $ (48,169)
Net loss per common share:    
Loss per share, basic and diluted $ (0.17) $ (1.51)
Weighted average number of common shares outstanding, basic and diluted 55,217 31,859

Source

v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities:    
Net loss $ (9,648) $ (48,169)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 157 98
Amortization of right of use assets 179 156
Stock-based compensation 662 351
Payments on operating lease liabilities (177) (133)
Loss on impairment goodwill 46,103
Change in fair value of derivative liabilities 54 (256)
Changes in operating assets and liabilities:    
Accounts receivable 88 (644)
Prepaid expenses and other current assets (230) 22
Deposits 4 (10)
Accounts payable and accrued expenses (919) 919
Net cash used in operating activities (9,830) (1,563)
Investing activities:    
Purchases of property and equipment (240) (145)
Net cash used in investing activities (240) (145)
Financing activities:    
Payments of finance lease obligations (121) (214)
Proceeds from sale of common stock, net of transaction costs 35,783 6,638
Net cash provided by financing activities 35,662 6,424
Net increase in cash and restricted cash 25,592 4,716
Cash and restricted cash at beginning of period 7,468 2,752
Cash and restricted cash at end of period 33,060 7,468
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Recognition of finance lease right-of-use asset and liability 77
Recognition of operating lease right-of-use assets and operating lease liabilities upon adoption of ASC Topic 842, Leases $ 833

Source