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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Impact of adoption on financial statements

In accordance with ASC 606, the disclosure of the impact of adoption to our consolidated statements of operations and balance sheets was as follows (in thousands, except per share amounts):


	Year Ended December 31, 2018
	As reported		Adjustments		Balances without adoption of ASC 606
Revenues:
Product Revenue	$	25,590	$	(3,422)	$	22,168
Research and development revenue	35,004		(1,609)		33,395
Total revenues	60,594		(5,031)		55,563
Costs and operating expenses:
Cost of product revenue	12,620		(285)		12,335
Research and development	29,978		(196)		29,782
Selling, general and administrative	29,291		—		29,291
Total costs and operating expenses	71,889		(481)		71,408
Loss from operations	(11,295)		(4,550)		(15,845)
Interest income	671		—		671
Other expenses	(291)		—		(291)
Loss before income taxes	(10,915)		(4,550)		(15,465)
Provision for (benefit from) income taxes	(37)		—		(37)
Net loss	$	(10,878)	$	(4,550)	$	(15,428)

Net loss per share, basic and diluted	$	(0.21)	$	(0.09)	$	0.30

Weighted average common shares used in computing net loss per share, basic and diluted	52,205				52,205


	December 31, 2018
	As reported		Adjustments		Balances without adoption of ASC 606
Assets
Accounts receivable	$	11,551	$	(1,253)	$	10,298
Unbilled receivables, current	1,916		(1,916)		—
Contract assets	35		(35)		—
Inventories	589		1		590
Unbilled receivables, non-current	786		(786)		—
Other non-current assets	265		(42)		223
Liabilities
Other accrued liabilities	4,855		(520)		4,335
Deferred revenue - current	4,936		(1,574)		3,362
Deferred revenue - non-current	3,352		(1,445)		1,907
Stockholders' equity
Accumulated deficit	(330,474)		(492)		(330,966)

The following table shows the reconciliation of ROU assets and lease obligations, with balances reflecting the adoption of ASC 842, related to both operating leases and finance leases and gives effect to the modified retrospective adoption and effective date method under the lease guidance on January 1, 2019 (in thousands):


	Operating Leases		Finance Leases
Right-of-use assets, Balance at December 31, 2018	$	—	$	—
Changes in the period:
Right-of-use assets created upon adoption of ASC 842	26,617		493
Right-of-use assets, balance at January 1, 2019	$	26,617	$	493

Lease obligations, balance at December 31, 2018	$	—	$	—
Changes in the period:
Lease obligations created upon adoption of ASC 842	27,562		302
Lease obligations, balance at January 1, 2019	$	27,562	$	302

Lease, Cost

Lease related costs under non-cancellable finance leases and operating leases under non-cancellable subleases were as follows (in thousands):


Lease costs:	December 31, 2019
Finance lease costs:
Amortization of right-of-use assets	$	217
Interest on lease obligations	10
Finance lease costs	227
Operating lease cost	4,556
Sublease income	(957)
Total lease cost	$	3,826

All short-term lease costs are related to leases with a lease term of one month or less.

Other information related to non-cancellable finance leases and operating leases under non-cancellable subleases for the year ended December 31, 2019 were as follows (in thousands, except discount rate and lease term):


Other information:	Operating Leases			Finance Leases
Weighted-average remaining lease term (in years)	7.7 years			0.3 years
Weighted-average discount rate	6.6		%	5.0		%
Cash paid for amounts included in measurement of lease obligations:
Operating cash flows	$	3,279		$	10
Financing cash flows	$	—		$	242
Non-cash activity: Right-of-use assets obtained in exchange for lease liabilities	$	26,617		$	493

Lessee, Operating Lease, Liability, Maturity

December 31, 2019, under ASC 842, our maturity analyses of annual undiscounted cash flows of the non-cancellable finance and operating leases are as follows (in thousands):


Years ending December 31,	Finance Leases		Operating Leases
2020	$	60	$	2,816
2021	—		4,197
2022	—		4,285
2023	—		4,589
2024	—		4,726
Thereafter	—		13,493
Total minimum lease payments ⁽¹⁾	60		34,106
Less: imputed interest	—		(8,048)
Lease obligations	$	60	$	26,058

⁽¹⁾Operating Lease minimum payments have not been reduced by future minimum sublease rentals of $0.1 million to be received under

non-cancellable subleases.

Finance Lease, Liability, Maturity

December 31, 2019, under ASC 842, our maturity analyses of annual undiscounted cash flows of the non-cancellable finance and operating leases are as follows (in thousands):


Years ending December 31,	Finance Leases		Operating Leases
2020	$	60	$	2,816
2021	—		4,197
2022	—		4,285
2023	—		4,589
2024	—		4,726
Thereafter	—		13,493
Total minimum lease payments ⁽¹⁾	60		34,106
Less: imputed interest	—		(8,048)
Lease obligations	$	60	$	26,058

⁽¹⁾Operating Lease minimum payments have not been reduced by future minimum sublease rentals of $0.1 million to be received under

non-cancellable subleases.

Schedule of future minimum payments under non-cancellable operating leases

As of December 31, 2018, under ASC 840, maturity analysis of annual undiscounted cash flows of the non-cancellable capital and operating leases as follows (in thousands):


Years ending December 31,	Capital Leases		Operating Leases
2019	$	252	$	3,280
2020	61		712
2021	—		490
2022	—		41
2023	—		—
Total minimum lease payments⁽¹⁾	313		$	4,523
Less: amount representing interest	(10)
Present value of capital lease obligations	303
Less: current portion	(242)
Long-term portion of capital leases	$	61

⁽¹⁾ Minimum payments have not been reduced by future minimum sublease rentals of $0.9 million to be received under non-cancellable subleases.

Schedule of future minimum lease payments for capital leases

As of December 31, 2018, under ASC 840, maturity analysis of annual undiscounted cash flows of the non-cancellable capital and operating leases as follows (in thousands):


Years ending December 31,	Capital Leases		Operating Leases
2019	$	252	$	3,280
2020	61		712
2021	—		490
2022	—		41
2023	—		—
Total minimum lease payments⁽¹⁾	313		$	4,523
Less: amount representing interest	(10)
Present value of capital lease obligations	303
Less: current portion	(242)
Long-term portion of capital leases	$	61

⁽¹⁾ Minimum payments have not been reduced by future minimum sublease rentals of $0.9 million to be received under non-cancellable subleases.

Schedule of supply commitment

The following table provides quantitative data regarding our other commitments. Future minimum payments reflect amounts that we expect to pay including potential obligations under services agreements subject to risk of cancellation by us (in thousands):

Other Commitment Agreement Type

Agreement Date

Future Minimum Payment

Manufacture and supply agreement with expected future payment date of December 2022

April 2016

990

Development and manufacturing services agreements

September 2019

2,264

Total other commitments

3,254

Schedule of credit facility prepayment terms

Prepayments of Term Debt and early termination of the Revolving Line of Credit are subject to prepayment and final payment fees are as follows:


	Term Debt		Revolving Line of Credit
Through and including the first anniversary of the funding date of the first Term Debt drawn	2.0	%
After the first anniversary of the funding date of the first Term Debt drawn and before the maturity date	1.0	%
On the earliest to occur of the maturity date, the acceleration of Term Debt drawn or prepayment of Term Debt drawn	5.5	%
Through and including the first anniversary of the closing date			3.0	%
After the first anniversary of the closing date through and including the second anniversary of the closing date			2.0	%
After the second anniversary of the closing date through and including the third anniversary of the closing date			1.0	%