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Stub Period Comparative Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Stub Period Comparative Data [Abstract]  
Summary of Condensed Consolidated Statement of Operations

The condensed consolidated statements of operations for the year ended December 31, 2018 and the six months ended December 31, 2017 is as follows (in thousands except per share amounts):

 

 

 

Year Ended

December 31,

2018

 

 

Six Months Ended

December 31,

2017

 

Revenues:

 

 

 

 

 

 

 

 

Collaborative research and development

 

$

2,625

 

 

$

601

 

Royalty income

 

 

1,946

 

 

 

717

 

Total revenues

 

 

4,571

 

 

 

1,318

 

Operating expenses:

 

 

 

 

 

 

 

 

Research and development

 

 

18,502

 

 

 

8,088

 

Sales and marketing

 

 

9,658

 

 

 

 

General and administrative

 

 

15,430

 

 

 

5,044

 

Total operating expenses

 

 

43,590

 

 

 

13,132

 

Loss from operations

 

 

(39,019

)

 

 

(11,814

)

Interest and other income

 

 

420

 

 

 

49

 

Interest expense

 

 

(2,362

)

 

 

 

Change in fair value of derivative liability

 

 

(45,164

)

 

 

 

Net loss

 

$

(86,125

)

 

$

(11,765

)

Net loss per common share - basic and diluted

 

$

(1.27

)

 

$

(0.28

)

Weighted average common shares - basic and diluted

 

 

67,942

 

 

 

41,980