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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 109,892 $ 93,162
Short-term investments 19,911 0
Accounts receivable, net 10,661 0
Inventories 6,407 0
Prepaid expenses and other current assets 5,326 1,177
Total current assets 152,197 94,339
Property and equipment, net 902 0
Operating lease right-of-use assets 4,068 0
Intangible assets, net 59,638 56,076
Goodwill 21,208 21,208
Other assets 2,429 221
Total assets 240,442 171,844
Current Liabilities    
Accounts payable 5,796 1,558
Accrued expenses 13,960 3,718
Operating lease liabilities 1,200 0
Contingent royalty obligation payable to Evolus Founders 3,483 0
Total current liabilities 24,439 5,276
Operating lease liabilities 3,893 0
Contingent royalty obligation payable to Evolus Founders 41,200 50,200
Contingent promissory note payable to Evolus Founders 17,945 16,904
Long-term debt, net of discounts and issuance costs 73,508 0
Deferred tax liability 0 15,055
Deferred rent 0 25
Total liabilities 160,985 87,460
Commitments and contingencies (Note 7)
Stockholders’ equity    
Preferred Stock, $0.00001 par value; 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively 0 0
Common Stock, $0.00001 par value; 100,000,000 shares authorized; 33,562,665 and 27,274,991 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively 1 1
Additional paid-in capital 292,509 207,408
Accumulated other comprehensive gain 6 0
Accumulated deficit (213,059) (123,025)
Total stockholders’ equity 79,457 84,384
Total liabilities and stockholders’ equity $ 240,442 $ 171,844