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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Summary of Property and Equipment

The following tables summarizes the Company’s property and equipment as of December 31, 2018 and 2017 (amounts in thousands):  

		As of December 31,
		2018				2017
Leasehold improvement		$	182			$	173
Furniture and fixtures			185				—
Equipment			219				—
Computer hardware and software			44				17
Property and equipment			630				190
Less accumulated depreciation			(76	)			(17	)
Property and equipment, net		$	554			$	173

Summary of Derivative Financial Instruments

The following table summarizes the Company’s financial instruments within the fair value hierarchy as of December 31, 2018 and 2017 (amounts in thousands):

		Fair Value				Level 1				Level 2				Level 3
December 31, 2018
Assets:
Non-current receivable		$	294			$	—			$	—			$	294
Liabilities:
Warrants		$	13,769			$	—			$	—			$	13,769
December 31, 2017
Liabilities:
Non-employee stock options		$	2,637			$	—			$	—			$	2,637
Warrants			6,941				—				—				6,941
Total liabilities		$	9,578			$	-			$	-			$	9,578

Summary of Basic and Diluted Loss per Share

The basic and diluted loss per share for the periods noted below is as follows (amounts in thousands, except for share and per share amounts):

		For the Year Ended December 31,
		2018				2017
Basic and Diluted
Numerator
Net loss		$	(28,623	)		$	(28,024	)
Denominator
Weighted-average common shares outstanding - basic and diluted			22,786,192				18,632,740
Basic and diluted net loss per share		$	(1.26	)		$	(1.50	)

Summary of Outstanding Securities Excluded from Computation of Diluted Weighted Shares Outstanding

The following outstanding securities have been excluded from the computation of diluted weighted shares outstanding for the periods noted below, as they would have been anti-dilutive due to the Company’s losses coupled with the exercise price of certain of these outstanding securities being greater than the average closing price of the Company’s common stock.

		For the Year Ended December 31,
		2018				2017
Options outstanding			3,308,049				2,448,646
RSUs			964				1,928
Warrants outstanding			4,004,304				2,379,919
Total			7,313,317				4,830,493

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Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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