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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 286,649 $ 171,160
Short-term investments 224,621 118,955
Prepaid expenses and other current assets 7,171 6,487
Total current assets 518,441 296,602
Property and equipment, net 13,967 14,755
Intangible assets 32,334 0
Operating lease right of use assets 25,961 26,531
Restricted cash 730 730
Other non-current assets 1,494 1,669
TOTAL ASSETS 592,927 340,287
CURRENT LIABILITIES    
Accounts payable 8,709 8,010
Accruals and other current liabilities 16,178 18,636
Deferred revenue, current portion 10,079 7,911
Operating lease liabilities, current portion 3,627 3,470
Derivative liability 3,042 2,952
Derivative liability 41,635 40,979
Convertible senior notes 171,305 0
Deferred revenue, net of current portion 46,722 47,948
Operating lease liabilities, net of current portion 24,890 25,870
TOTAL LIABILITIES 284,552 114,797
Commitments and Contingencies (Note 10)
STOCKHOLDERS’ EQUITY    
Convertible preferred stock, par value $0.001 per share — 5,000,000 shares authorized, and no shares issued and outstanding as of March 31, 2020 and December 31, 2019 0 0
Common stock, par value $0.001 per share — 95,000,000 shares authorized both as of March 31, 2020 and December 31, 2019; 57,026,154 and 52,374,735 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 57 52
Additional paid-in capital 1,213,931 1,069,639
Accumulated other comprehensive income 524 3
Accumulated deficit (906,137) (844,204)
TOTAL STOCKHOLDERS’ EQUITY 308,375 225,490
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 592,927 $ 340,287