Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]                      
Revenue $ 5,698 $ 3,828 $ 3,188 $ 2,379 $ 508 $ 558 $ 462 $ 454 $ 15,093 $ 1,982 $ 2,050
Operating expenses:                      
Research and development 29,026 17,674 14,796 14,569 14,277 15,931 15,475 12,562 76,065 58,245 50,182
General and administrative 5,892 5,151 5,133 5,149 6,402 5,016 5,195 4,865 21,325 21,478 16,164
Total operating expenses 34,918 22,825 19,929 19,718 20,679 20,947 20,670 17,427 97,390 79,723 66,346
Loss from operations (29,220) (18,997) (16,741) (17,339) (20,171) (20,389) (20,208) (16,973) (82,297) (77,741) (64,296)
Interest income 6 4 32 384 462 617 776 520 426 2,375 2,018
Interest expense (541) (493) (487) (271) (20) (21) (23) (8) (1,792) (72) (1)
Change in fair value of warrant liability (375)               (375)    
Net loss applicable to common stockholders $ (30,130) $ (19,486) $ (17,196) $ (17,226) $ (19,729) $ (19,793) $ (19,455) $ (16,461) $ (84,038) $ (75,438) $ (62,279)
Net loss per share applicable to common stockholders - basic and diluted $ (0.62) $ (0.43) $ (0.38) $ (0.39) $ (0.46) $ (0.47) $ (0.47) $ (0.49) $ (1.82) $ (1.88) $ (1.91)
Weighted-average number of common shares used in net loss per share applicable to common stockholders - basic and diluted 48,774,598 45,781,638 45,699,277 43,923,999 42,885,208 42,439,338 41,673,275 33,766,333 46,051,617 40,222,182 32,656,237