Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 62,260 $ 74,867
Short term investments 41,894 53,240
Accounts receivable 6,787 2,701
Prepaid expenses and other current assets 4,072 4,574
Total current assets 115,013 135,382
Property and equipment, net 19,502 5,049
Operating lease right-of-use assets 3,436 0
Other non-current assets 3,146 910
Total assets 141,097 141,341
Current liabilities:    
Accounts payable 5,803 3,350
Accrued expenses and other current liabilities 9,944 9,114
Deferred revenues, current portion 11,256 35,612
Total current liabilities 27,003 48,076
Deferred revenue, net of current portion 47,258 53,303
Operating lease liabilities 15,484 0
Other long-term liabilities 0 27
Total liabilities 89,745 101,406
Stockholders’ equity:    
Common stock, $0.001 par value per share, 300,000,000 shares authorized and 55,212,437 and 54,151,219 issued and outstanding at December 31, 2019 and 2018, respectively 55 54
Additional paid-in capital 227,468 189,929
Accumulated other comprehensive loss (1,995) (2,982)
Accumulated deficit (174,176) (147,066)
Total stockholders’ equity 51,352 39,935
Total liabilities and stockholders’ equity 141,097 141,341
Series A Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized at December 31, 2019 and 2018, respectively 0 0
Series B Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized at December 31, 2019 and 2018, respectively 0 0
Series C Convertible Preferred Stock    
Stockholders’ equity:    
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized at December 31, 2019 and 2018, respectively $ 0 $ 0