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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 60,215 $ 33,006
Marketable securities 57,298 100,011
Restricted cash - current 10 10
Receivable from collaboration partner and contract asset - related party 3,594 6,755
Research and development tax incentive receivable 153  
Prepaid expenses and other current assets 4,716 5,529
Total current assets 125,986 145,311
Property and equipment, net 1,603 1,681
Restricted cash - noncurrent 450 450
Operating lease right-of-use asset 5,780 6,042
Deferred tax asset 1,082 1,433
Total assets 134,901 154,917
Current liabilities:    
Accounts payable 3,704 2,790
Payable to collaboration partner - related party 1,116 1,262
Accrued expenses and other payables 11,616 12,360
Deferred revenue - related party - current 18,630 17,738
Operating lease liability - current 1,306 1,256
Total current liabilities 36,372 35,406
Long-term debt, net 9,832 9,794
Deferred revenue - related party - noncurrent 20,415 23,792
Operating lease liability - noncurrent 5,616 5,961
Total liabilities 72,235 74,953
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.00001 par value, 10,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.00001 par value, 90,000,000 shares authorized; 27,434,705 and 27,217,649 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively
Additional paid-in capital 300,300 297,846
Accumulated other comprehensive gain (loss) 107 (221)
Accumulated deficit (237,741) (217,661)
Total stockholders’ equity 62,666 79,964
Total liabilities and stockholders’ equity $ 134,901 $ 154,917