Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.20.1
Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 55,814 $ 61,413
Other receivables - related party 14 19
Prepaid expenses and other current assets 1,877 1,631
Total current assets 57,705 63,063
Property, plant and equipment, net 7,729 6,779
Fixed assets - construction in process 712 1,157
Restricted cash 1,000 1,000
Other assets 250 250
Operating lease right-of-use asset, net 1,165 1,196
Total Assets 68,561 73,445
Current Liabilities:    
Short-term notes payable 3,125 1,250
Accounts payable and accrued expenses 6,107 5,668
Payables and accrued expenses - related party 546 596
Operating lease liabilities - short-term 257 257
Total current liabilities 10,035 7,771
Notes payable 10,563 12,179
Operating lease liabilities - long-term 2,159 1,843
Total Liabilities 22,757 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 March 31, 2020 and December 31, 2019 0 0
Common Stock, Value, Issued 4 4
Common stock issuable, 0 and 1,206,667 shares as of March 31, 2020 and December 31, 2019, respectively   4,923
Additional paid-in capital 183,116 172,184
Accumulated deficit (137,316) (125,459)
Total Stockholders' Equity 45,804 51,652
Total Liabilities and Stockholders' Equity 68,561 73,445
Class A Common Shares    
Stockholders' Equity    
Common Stock, Value, Issued 0 0
Total Stockholders' Equity $ 0 $ 0