Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v3.20.1
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 61,413 $ 16,469
Short-term investments (certificates of deposit) 0 17,604
Other receivables - related party 19 0
Prepaid expenses and other current assets 1,631 1,052
Total current assets 63,063 35,125
Property, plant and equipment, net 6,779 6,465
Fixed assets - construction in process 1,157 393
Restricted cash 1,000 500
Other assets 250 271
Operating lease right-of-use asset, net 1,196 0
Total Assets 73,445 42,754
Current Liabilities:    
Short-term notes payable 1,250 0
Accounts payable and accrued expenses 5,668 5,381
Payables and accrued expenses - related party 596 236
Operating lease liabilities - short-term 257 0
Total current liabilities 7,771 5,617
Deferred rent payable 0 741
Notes Payable 12,179 0
Operating lease liabilities - long-term 1,843 0
Total Liabilities 21,793 6,358
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 December 31, 2019 and 2018, respectively 0 0
Common Stock, Value, Issued 4 3
Common stock issuable, 1,206,667 and 709,314 shares as of December 31, 2019 and 2018, respectively 4,923 2,085
Additional paid-in capital 172,184 113,378
Accumulated deficit (125,459) (79,070)
Total Stockholders' Equity 51,652 36,396
Total Liabilities and Stockholders' Equity 73,445 42,754
Class A Common Shares    
Stockholders' Equity    
Common Stock, Value, Issued 0 0
Total Stockholders' Equity $ 0 $ 0