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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 129,558 $ 153,225
Accounts receivable 3,349 2,129
Inventory 1,495 1,316
Prepaid expenses and other current assets 2,064 1,905
Total current assets 136,466 158,575
Property and equipment, net 1,007 1,038
Intangible assets, net 1,973 2,103
Restricted cash 97 97
Other long-term assets 305 204
Total assets 139,848 162,017
Current liabilities:    
Accounts payable 6,793 9,106
Accrued expenses 6,488 8,879
Deferred revenue 8,695 4,944
Current portion of term loan payable 2,556 2,667
Total current liabilities 24,532 25,596
Lease incentive obligation 25 34
Term loan payable, long-term 924 1,479
Total liabilities 25,481 27,109
Commitments and contingencies (see Note 10)
Shareholders’ equity (deficit):    
Preferred stock, $0.001 par value; authorized shares - 5,000,000 at March 31, 2017 and December 31, 2016; issued and outstanding shares - none at March 31, 2017 and December 31, 2016
Common stock, $0.001 par value; authorized shares - 100,000,000 at March 31, 2017 and December 31, 2016; issued and outstanding shares - 29,458,557 at March 31, 2017 and 29,364,100 at December 31, 2016 29 29
Additional paid-in capital 360,600 358,063
Accumulated deficit (246,262) (223,184)
Total shareholders’ equity 114,367 134,908
Total liabilities and shareholders’ equity $ 139,848 $ 162,017