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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 114,464 $ 8,791
Prepaid expenses and other current assets 637 1,180
Total current assets 115,101 9,971
Property and equipment, net   5
Operating lease asset, net 183 316
Goodwill 44,466  
In-process research and development 32,386  
Other assets 449 639
Total assets 192,585 10,931
Current liabilities:    
Accounts payable 758 329
Current operating lease liability 191 180
Accrued severance 803  
Accrued expenses and other liabilities 4,378 813
Total current liabilities 6,130 1,322
Non-current operating lease liability   144
Total liabilities 6,130 1,466
Commitments and contingencies (Note 5)
Series X1 non-voting convertible preferred stock, $0.001 par value, 515,000 shares authorized; 339,138 and no shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 164,949  
Stockholders’ equity:    
Series X preferred stock, $0.001 par value, 10,000 shares authorized; 511 and no shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively
Common stock, $0.001 par value, 200,000,000 shares authorized at September 30, 2020 and December 31, 2019; 1,274,631 and 720,408 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 1 1
Additional paid-in capital 95,994 67,046
Accumulated deficit (74,489) (57,582)
Total stockholders’ equity 21,506 9,465
Total liabilities, convertible preferred stock and stockholders’ equity $ 192,585 $ 10,931