Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.19.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents $ 6,065 $ 4,394
Investments held-to-maturity 4,483 16,863
Accounts receivable 49 165
Prepaid expenses and other current assets 364 364
TOTAL CURRENT ASSETS 10,961 21,786
PROPERTY AND EQUIPMENT    
Property and equipment 3,992 3,784
Less: Accumulated depreciation and amortization (2,229) (1,797)
PROPERTY AND EQUIPMENT, NET 1,763 1,987
NONCURRENT ASSETS    
Intangible assets, net 1,445 1,374
Restricted cash 211 211
Goodwill 823 817
Operating lease right-of-use assets 2,786  
Other assets 68 69
TOTAL NONCURRENT ASSETS 5,333 2,471
TOTAL ASSETS 18,057 26,244
CURRENT LIABILITIES    
Accounts payable 759 695
Accrued expenses 210 464
Accrued salaries and payroll related expenses 1,791 1,835
Deferred revenue 187 271
Operating lease liabilities, current 582  
TOTAL CURRENT LIABILITIES 3,529 3,265
LONG-TERM LIABILITIES    
Deferred rent   81
Operating lease liabilities, net of current portion 2,372  
TOTAL LIABILITIES 5,901 3,346
Commitments and contingencies (Note 10) 0 0
STOCKHOLDERS’ EQUITY    
Common stock, $0.001 par value, 100,000,000 authorized and 28,329,870 outstanding as of June 30, 2019, and 47,000,000 authorized and 27,391,290 outstanding as of December 31, 2018 28 27
Preferred stock, $0.001 par value, 3,000,000 authorized and none outstanding as of June 30, 2019 and December 31, 2018 0 0
Additional paid-in capital 119,336 115,450
Accumulated other comprehensive loss (9) (15)
Accumulated deficit (107,199) (92,564)
TOTAL STOCKHOLDERS’ EQUITY 12,156 22,898
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,057 $ 26,244