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Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 96,576,000 $ 55,030,000
Short-term marketable securities 480,290,000 109,988,000
Accounts receivable, net 12,676,000 4,807,000
Inventory 9,069,000 7,838,000
Prepaid expenses and other current assets 14,079,000 3,055,000
Total current assets 612,690,000 180,718,000
Long-term assets    
Property and equipment, net 60,355,000 19,125,000
Long-term marketable securities 105,435,000  
Restricted cash 2,138,000 61,000
Intangible assets, net 11,928,000 13,626,000
Goodwill 118,972,000 118,972,000
Other assets 784,000 186,000
Total assets 912,302,000 332,688,000
Current liabilities    
Accounts payable 4,453,000 1,793,000
Accrued liabilities 4,371,000 2,562,000
Accrued compensation and benefits 8,124,000 4,641,000
Current portion of deferred rent 371,000 1,109,000
Current deferred revenue 60,994,000 12,695,000
Total current liabilities 78,313,000 22,800,000
Long-term liabilities    
Convertible preferred stock warrant liability   336,000
Deferred rent liability, less current portion 6,918,000 6,102,000
Financing obligation 36,607,000  
Deferred revenue, less current portion 219,332,000 704,000
Other long-term liabilities 93,000  
Total liabilities 341,263,000 29,942,000
Commitments and contingencies (Note 10)
Convertible preferred stock: $0.0001 par value, no and 93,762,517 shares authorized at December 31, 2019 and 2018, respectively; no and 92,790,094 shares issued and outstanding at December 31, 2019 and 2018, respectively; aggregate liquidation preference of $0 and $572,866 at December 31, 2019 and 2018, respectively   560,858,000
Shareholders’ equity (deficit)    
Preferred stock: $0.0001 par value, 10,000,000 and no shares authorized at December 31, 2019 and 2018, respectively; no shares issued and outstanding at December 31, 2019 and 2018
Common stock: $0.0001 par value, 340,000,000 and 131,000,000 shares authorized at December 31, 2019 and 2018, respectively; 125,238,142 and 12,841,536 shares issued and outstanding at December 31, 2019 and 2018, respectively 12,000 1,000
Additional paid-in capital 935,834,000 37,902,000
Accumulated other comprehensive gain (loss) 671,000 (107,000)
Accumulated deficit (365,478,000) (295,908,000)
Total shareholders’ equity (deficit) 571,039,000 (258,112,000)
Total liabilities, convertible preferred stock and shareholders’ equity (deficit) $ 912,302,000 $ 332,688,000