Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 30,665 $ 11,249
Prepaid expenses and other 2,731 2,699
Total current assets 33,396 13,948
Property and equipment, net 28 34
Right-of-use assets, net 281 356
Security deposit 7  
Restricted cash 100 100
Intangible asset 120 120
Total assets 33,932 14,558
Current liabilities:    
Accounts payable 1,408 3,070
Accrued expenses and other current liabilities 996 1,713
Lease liability, current 256 352
Total current liabilities 2,660 5,135
Lease liability net of current 25 6
Total liabilities 2,685 5,141
Commitments (See Note 11)  
Stockholders' equity:    
Preferred stock, 5,000,000 shares authorized Series B Convertible Preferred stock, $0.001 par value; 5,313 shares designated; 0 issued and outstanding as of March 31, 2020, Series A Convertible Preferred stock, $0.001 par value; 7,938 shares designated; 0 issued and outstanding as of December 31, 2019  
Common stock, $0.001 par value; 150,000,000 shares authorized; 49,353,134 and 8,531,504 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively, and 1,578 shares to be issued as of December 31, 2019 49 9
Additional paid in capital 255,601 226,524
Accumulated deficit (224,343) (217,070)
Accumulated other comprehensive loss (60) (46)
Total stockholders' equity 31,247 9,417
Total liabilities and stockholders' equity $ 33,932 $ 14,558