Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 77,068 $ 11,249
Prepaid expenses and other 10,921 2,699
Total current assets 87,989 13,948
Property and equipment, net 8,571 34
Operating lease right-to-use assets 1,258 356
Security deposit 5  
Restricted cash 240 100
Intangible Asset 120 120
Total assets 98,183 14,558
Current liabilities:    
Accounts payable 4,598 3,070
Accrued expenses and other current liabilities 4,626 1,713
Lease liability, short term 595 352
Total current liabilities 9,819 5,135
Lease liability, long term 716 6
Total liabilities 10,535 5,141
Commitments (See Note 15)  
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized Series B Convertible Preferred stock, 5,313 and 0 shares designated as of December 31, 2020 and 2019, respectively; issued and outstanding - None; Series A Convertible Preferred stock, 0 and 7,938 shares designated as of December 31, 2020 and 2019, respectively issued and outstanding -- None  
Common stock, $0.001 par value; 400,000,000 and 150,000,000 shares authorized as of December 31, 2020 and 2019, respectively; 206,008,683 and 8,531,504 shares issued and outstanding as of December 31, 2020 and 2019, respectively and 54,447 and 1,578 shares to be issued as of December 31, 2020 and December 31, 2019, respectively 206 9
Additional paid in capital 355,037 226,524
Accumulated deficit (267,533) (217,070)
Accumulated other comprehensive loss (62) (46)
Total stockholders' equity 87,648 9,417
Total liabilities and stockholders' equity $ 98,183 $ 14,558