Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

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BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 29,965 $ 42,565
Prepaid expenses and other current assets 1,500 491
Due from Parent 46 115
Total current assets 31,511 43,171
Deferred offering costs 378  
Property and equipment, net 1,092 327
Operating lease right-of-use asset 1,246  
Other assets 51 51
Total assets 34,278 43,549
Current liabilities    
Accounts payable 3,979 1,604
Accrued expenses 3,371 3,056
Other current liabilities 659  
Total current liabilities 8,009 4,660
Operating lease liability 1,112  
Total liabilities 9,121 4,660
Stockholders' equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value, 50,000,000 shares authorized; 15,687,546 and 15,663,221 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 16 16
Additional paid-in-capital 64,536 62,593
Accumulated deficit (39,395) (23,720)
Total stockholders' equity 25,157 38,889
Total liabilities and stockholders' equity $ 34,278 $ 43,549