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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 114,195 $ 8,791
Prepaid expenses and other current assets 1,435 1,180
Total current assets 115,630 9,971
Property and equipment, net   5
Operating lease asset, net 138 316
Goodwill 48,648  
In-process research and development 32,386  
Other assets 383 639
Total assets 197,185 10,931
Current liabilities:    
Accounts payable 1,366 329
Current operating lease liability 144 180
Accrued severance 12  
Accrued expenses and other liabilities 961 813
Total current liabilities 2,483 1,322
Deferred tax liability 4,106  
Non-current operating lease liability   144
Total liabilities 6,589 1,466
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized at December 31, 2020 and 2019; 15,160,397 and 720,408 shares issued and outstanding at December 31, 2020 and 2019, respectively 15 1
Additional paid-in capital 270,974 67,046
Accumulated deficit (80,393) (57,582)
Total stockholders’ equity 190,596 9,465
Total liabilities and stockholders’ equity 197,185 10,931
Series X1 Non-voting Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Series X1 non-voting convertible preferred stock, $0.001 par value, 515,000 shares authorized; 108,070 and no shares issued and outstanding at December 31, 2020 and 2019, respectively
Series X Preferred Stock [Member]    
Stockholders’ equity:    
Series X1 non-voting convertible preferred stock, $0.001 par value, 515,000 shares authorized; 108,070 and no shares issued and outstanding at December 31, 2020 and 2019, respectively