Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 39,410 $ 17,740
Accounts receivable, net 382  
Inventory 753  
Prepaid expenses and other current assets 2,122 2,395
Total current assets 42,667 20,135
Property, plant and equipment, net 4,610 4,821
Right-of-use asset 542 730
Intangible assets, net 25,541 26,400
Goodwill 2,127 2,127
Total assets 75,487 54,213
Current liabilities:    
Accounts payable 2,190 271
Accrued expenses and other current liabilities 3,972 3,532
Current portion of long-term debt, net 598  
Current portion of operating lease liability 258 318
Current portion of contingent consideration 13,135 3,592
Total current liabilities 20,153 7,713
Long-term debt, net 8,097  
Long-term operating lease liability 329 455
Long-term portion of warrant liability 21,410  
Long-term portion of contingent consideration 84,902 62,766
Total liabilities 134,891 70,934
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, $0.01 par value. Authorized, 10,000,000 shares; none issued and outstanding
Common stock, $0.01 par value. Authorized, 100,000,000 shares; issued and outstanding, 18,374,604 shares at June 30, 2020 and 9,350,709 shares at December 31, 2019 184 94
Additional paid-in capital 47,375 19,405
Accumulated deficit (106,963) (36,220)
Total shareholders’ equity (deficit) (59,404) (16,721)
Total liabilities and shareholders’ equity $ 75,487 $ 54,213