Quarterly report pursuant to Section 13 or 15(d)

Selected Balance Sheet Information

v3.20.1
Selected Balance Sheet Information
3 Months Ended
Mar. 31, 2020
Selected Balance Sheet Information  
Selected Balance Sheet Information

4. Selected Balance Sheet Information

Prepaid expenses and other current assets (in thousands)

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

    

2020

    

2019

Prepaid clinical research organizations

 

$

477

 

$

48

Prepaid insurances

 

 

378

 

 

549

Prepaid consulting, subscriptions and other expenses

 

 

135

 

 

134

Prepaid manufacturing expenses

 

 

94

 

 

622

Prepaid conferences, travel

 

 

 —

 

 

25

Other receivables

 

 

 —

 

 

 3

 

 

 

 

 

 

 

Total

 

$

1,084

 

$

1,381

 

Prepaid clinical research organizations (CROs) expense is classified as a current asset. The Company makes payments to the CROs based on agreed upon terms that include payments in advance of study services.

 

Property and equipment, net (in thousands)

 

 

 

 

 

 

 

 

 

    

March 31, 

 

December 31, 

 

 

2020

    

2019

Computers and office equipment

 

$

804

 

$

804

Leasehold improvements

 

 

439

 

 

439

Software

 

 

11

 

 

11

 

 

 

1,254

 

 

1,254

Less: accumulated depreciation and amortization

 

 

(945)

 

 

(887)

 

 

 

 

 

 

 

Total

 

$

309

 

$

367

 

Accrued expenses (in thousands)

 

 

 

 

 

 

 

 

 

    

March 31, 

 

December 31, 

 

 

2020

    

2019

Accrued clinical consulting services

 

$

672

 

$

684

Accrued vendor payments

 

 

285

 

 

456

Accrued manufacturing costs

 

 

105

 

 

635

Other accrued expenses

 

 

 —

 

 

 1

 

 

 

 

 

 

 

Total

 

$

1,062

 

$

1,776

 

Accrued employee benefits (in thousands)

 

 

 

 

 

 

 

 

 

    

March 31, 

 

December 31, 

 

 

2020

    

2019

Accrued bonus expense

 

$

203

 

$

858

Accrued vacation expense

 

 

106

 

 

77

 

 

 

 

 

 

 

Total

 

$

309

 

$

935