Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 131,003 $ 136,204
Prepaid expenses and other current assets 3,119 4,348
Total current assets 134,122 140,552
Property and equipment, net 739 815
Other assets 104 101
Total Assets 134,965 141,468
Current liabilities:    
Accounts payable 1,991 920
Accrued and other current liabilities 1,265 2,227
Total current liabilities 3,256 3,147
Commitments and Contingencies (see Note 5)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 10,000,000 shares authorized as of March 31, 2020 and December 31, 2019, respectively; no shares issued or outstanding at March 31, 2020 and December 31, 2019, respectively
Voting and non-voting common stock, $0.00001 par value: 150,000,000 (143,590,481 voting shares and 6,409,519 non-voting shares) shares authorized at March 31, 2020 and December 31, 2019, respectively; 24,034,022 (17,624,503 voting shares and 6,409,519 non-voting shares) shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0 0
Additional paid-in capital 172,153 171,280
Accumulated deficit (40,444) (32,959)
Total stockholders’ equity 131,709 138,321
Total liabilities and stockholders’ equity $ 134,965 $ 141,468