Restructuring |
12 Months Ended |
|---|---|
Dec. 31, 2019 | |
| Restructuring And Related Activities [Abstract] | |
| Restructuring |
16. Restructuring In April 2019, the Company executed a realignment plan to reduce operating costs and better align its workforce with the needs of its ongoing business. The realignment plan reduced the Company’s workforce by 11 employees, representing approximately 41% of its workforce. As a result of this realignment plan, the Company recorded employee severance expense of $0.9 million during the year ended December 31, 2019. On October 15, 2019, the Company’s Chief Executive Officer and Chief Financial and Business Officer departed from their positions. The Chief Executive Officer also resigned as a director. In connection with these departures, the Company recorded severance expenses of $1.0 million during the year ended December 31, 2019 for employee related costs, including severance benefits and payment of healthcare insurance premiums. These amounts are included within restructuring expense in the consolidated statements of operations and comprehensive loss and are expected to be substantially paid in cash by October 31, 2020. Additionally, the Company recorded a one-time stock-based compensation cumulative reversal of $1.1 million during the year ended December 31, 2019 for the forfeitures of outstanding equity awards. Total cash payments against the severance liability was approximately $1.1 million in 2019. The remaining liability as of December 31, 2019 was approximately $0.8 million and is included in accounts payable and accrued expenses in the consolidated balance sheet.
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