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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 108,579 $ 114,195
Prepaid expenses and other current assets 1,662 1,435
Total current assets 110,241 115,630
Operating lease asset, net 92 138
Goodwill 48,648 48,648
In-process research and development 32,386 32,386
Other assets 315 383
Total assets 191,682 197,185
Current liabilities:    
Accounts payable 1,514 1,366
Current operating lease liability 97 144
Accrued severance 5 12
Accrued expenses and other liabilities 2,590 961
Total current liabilities 4,206 2,483
Deferred tax liabilities 3,605 4,106
Total liabilities 7,811 6,589
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Common stock, $0.001 par value, 200,000,000 shares authorized at March 31, 2021 and December 31, 2020; 14,306,614 and 15,160,397 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 14 15
Additional paid-in capital 272,749 270,974
Accumulated deficit (88,892) (80,393)
Total stockholders’ equity 183,871 190,596
Total liabilities and stockholders’ equity 191,682 197,185
Series X1 Non-voting Convertible Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value
Series X Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value