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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 435,812 $ 3,135
Investments available for sale 1,336 2,394
Accounts receivable 5 5
Prepaid expenses and other current assets 628 237
Total current assets 437,781 5,771
Prepaid expenses and other assets 1,601 1,711
Property and equipment, net 15 16
Deferred tax benefit 8,722 0
Total assets 448,119 7,498
Current liabilities:    
Accounts payable and accrued liabilities 4,620 1,346
Accrued licensing costs 90,101 0
Accrued payroll and related expenses 223 287
Other liabilities, current 53 193
Income tax liability 41,481 0
Total current liabilities 136,478 1,826
Other liabilities 31 44
Total liabilities 136,509 1,870
Commitments and contingencies (Note 4)
Stockholders' equity:    
Preferred stock, par value $0.0001 per share Authorized: 10,000,000 shares at March 31, 2020 and December 31, 2019, Issued and outstanding: 0 shares at March 31, 2020 and December 31, 2019 0 0
Common stock, par value $0.0001 per share Authorized: 100,000,000 shares at March 31, 2020 and December 31, 2019, Issued and outstanding: 70,838,177 shares and 69,586,764 shares, at March 31, 2020 and December 31, 2019, respectively 7 7
Additional paid-in capital 229,271 223,237
Retained earnings (Accumulated deficit) 82,343 (217,602)
Accumulated other comprehensive loss (11) (14)
Total stockholders' equity 311,610 5,628
Total liabilities and stockholders' equity $ 448,119 $ 7,498