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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 15,369 $ 31,213
Short-term investments 61,496 88,914
Restricted cash   50
Accounts receivable 15,000  
Prepaid and other current assets 4,201 3,814
Total current assets 96,066 123,991
Other assets, noncurrent 257 543
Right-of-use assets 1,927  
Property and equipment, net of $0.4 million and $0.3 million of accumulated depreciation in 2019 and 2018, respectively 304 386
Total assets 98,554 124,920
Current liabilities:    
Accounts payable 4,279 1,248
Accrued compensation 2,106 1,495
Deferred revenue 15,000  
Other accrued liabilities 7,031 2,043
Operating lease liability 483  
Deferred rent, current portion   15
Total current liabilities 28,899 4,801
Operating lease liability, noncurrent 1,319  
Deferred rent, noncurrent portion   174
Total liabilities 30,218 4,975
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized; zero shares issued and outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized; 12,040,835 and 11,954,528 shares issued and outstanding at December 31, 2019 and 2018, respectively 12 12
Additional paid-in capital 326,810 323,279
Accumulated other comprehensive income (loss) 34 (4)
Accumulated deficit (258,520) (203,342)
Total stockholders’ equity 68,336 119,945
Total liabilities and stockholders’ equity $ 98,554 $ 124,920