SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

11. SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

	First			Second			Third			Fourth
	Quarter			Quarter			Quarter			Quarter
	(In thousands, except per share amounts)
Year Ended December 31, 2019:
Revenues	$	57		$	101		$	131		$	171
Operating expenses		11,358			15,325			16,103			30,179
Net loss		(10,059	)		(14,239	)		(15,180	)		(29,070	)
Basic and diluted net loss per share	$	(0.05	)	$	(0.08	)	$	(0.08	)	$	(0.15	)
Year Ended December 31, 2018:
Revenues	$	318		$	208		$	165		$	375
Operating expenses		7,755			7,450			6,970			9,964
Net loss		(7,186	)		(6,934	)		(5,597	)		(7,300	)
Basic and diluted net loss per share	$	(0.04	)	$	(0.04	)	$	(0.03	)	$	(0.04	)

Basic and diluted net loss per share are computed independently for each of the quarters presented. Therefore, the sum of the quarters may not be equal to the full year net loss per share amounts.