Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 11,249 $ 25,034
Prepaid expenses and other 2,699 1,022
Total current assets 13,948 26,056
Property and equipment, net 34 43
Right to use assets, net 356  
Restricted cash 100 100
Intangible Asset 120 120
Total assets 14,558 26,319
Current liabilities:    
Accounts payable 3,070 1,404
Accrued expenses and other current liabilities 1,713 1,251
Lease liability, short term 352  
Total current liabilities 5,135 2,655
Lease liability, long term 6  
Total liabilities 5,141 2,655
Commitments (See Note 12)  
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized Series A Convertible Preferred stock, $0.001 par value; 7,938 and 11,984 shares designated; as of December 31, 2019 and 2018, respectively 0 and 9,856 shares issued and outstanding as of December 31, 2019 and 2018, respectively
Common stock, $0.001 par value; 15,000,000 shares authorized; 8,531,504 and 328,689 shares issued and outstanding as of December 31, 2019 and 2018, respectively, and 1,578 and 177 shares to be issued as of December 31, 2019 and December 31, 2018, respectively 9  
Additional paid in capital 226,524 212,157
Accumulated deficit (217,070) (188,452)
Accumulated other comprehensive loss (46) (41)
Total stockholders' equity 9,417 23,664
Total liabilities and stockholders' equity $ 14,558 $ 26,319