Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 75,251 $ 61,413
Other receivables - related party 37 19
Prepaid expenses and other current assets 344 1,631
Total current assets 75,632 63,063
Property, plant and equipment, net 7,250 6,779
Fixed assets - construction in process 821 1,157
Restricted cash 1,000 1,000
Other assets 250 250
Operating lease right-of-use asset, net 1,115 1,196
Total Assets 86,068 73,445
Current Liabilities:    
Short-term notes payable 0 1,250
Accounts payable and accrued expenses 7,054 5,668
Payables and accrued expenses - related party 305 596
Operating lease liabilities - short-term 271 257
Total current liabilities 7,630 7,771
Notes payable 0 12,179
Operating lease liabilities - long-term 2,022 1,843
Total Liabilities 9,652 21,793
Commitments and Contingencies
Stockholders' Equity    
Preferred stock ($0.0001 par value), 2,000,000 shares authorized, 250,000 shares of Class A preferred stock issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 0 0
Common Stock ($0.0001 par value) 5 4
Common stock issuable, 65,810 and 1,206,667 shares as of September 30, 2020 and December 31, 2019, respectively 235 4,923
Additional paid-in capital 241,042 172,184
Accumulated deficit (164,866) (125,459)
Total Stockholders' Equity 76,416 51,652
Total Liabilities and Stockholders' Equity 86,068 73,445
Class A Common Shares    
Stockholders' Equity    
Common Stock ($0.0001 par value) $ 0 $ 0