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Condensed Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 48,458,000 $ 55,030,000
Short-term marketable securities 374,543,000 109,988,000
Accounts receivable, net 7,252,000 4,807,000
Inventory 8,004,000 7,838,000
Prepaid expenses and other current assets 4,044,000 3,055,000
Total current assets 442,301,000 180,718,000
Long-term assets    
Property and equipment, net 22,298,000 19,125,000
Restricted cash and other assets 5,040,000 247,000
Intangible assets, net 12,784,000 13,626,000
Goodwill 118,972,000 118,972,000
Total assets 601,395,000 332,688,000
Current liabilities    
Accounts payable 2,944,000 1,793,000
Accrued liabilities 5,019,000 2,562,000
Accrued compensation and benefits 4,429,000 4,641,000
Current portion of deferred rent 1,276,000 1,109,000
Current deferred revenue 61,194,000 12,695,000
Total current liabilities 74,862,000 22,800,000
Long-term liabilities    
Convertible preferred stock warrant liability 2,602,000 336,000
Deferred rent liability, less current portion 5,455,000 6,102,000
Deferred revenue, less current portion 240,919,000 704,000
Total liabilities 323,838,000 29,942,000
Commitments and contingencies (Note 8)
Convertible preferred stock: $0.0001 par value, 93,762,517 shares authorized at June 30, 2019 and December 31, 2018, respectively; 93,039,737 and 92,790,094 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively; aggregate liquidation preference of $574,374 and $572,866 at June 30, 2019 and December 31, 2018, respectively 561,931,000 560,858,000
Shareholders’ deficit    
Common stock: $0.0001 par value, 131,000,000 shares authorized at June 30, 2019 and December 31, 2018, respectively; 13,725,381 and 12,841,536 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 1,000 1,000
Additional paid-in capital 46,160,000 37,902,000
Accumulated other comprehensive gain (loss) 382,000 (107,000)
Accumulated deficit (330,917,000) (295,908,000)
Total shareholders’ deficit (284,374,000) (258,112,000)
Total liabilities, convertible preferred stock and shareholders’ deficit $ 601,395,000 $ 332,688,000