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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 363,511 $ 171,160
Short-term investments 130,532 118,955
Accounts receivable 49 0
Inventories 778 0
Prepaid expenses and other current assets 7,901 6,487
Total current assets 502,771 296,602
Property and equipment, net 13,695 14,755
Intangible assets, net 31,660 0
Operating lease right of use assets 25,366 26,531
Restricted cash 1,050 730
Other non-current assets 1,639 1,669
TOTAL ASSETS 576,181 340,287
CURRENT LIABILITIES    
Accounts payable 6,603 8,010
Accruals and other current liabilities 22,245 18,636
Deferred revenue, current portion 12,255 7,911
Operating lease liabilities, current portion 3,789 3,470
Derivative liability 3,101 2,952
Derivative liability 47,993 40,979
Convertible senior notes 174,304 0
Deferred revenue, net of current portion 74,295 47,948
Operating lease liabilities, net of current portion 23,871 25,870
TOTAL LIABILITIES 320,463 114,797
Commitments and Contingencies (Note 11)
STOCKHOLDERS’ EQUITY    
Preferred Stock, Value, Issued 0 0
Common Stock, Value, Issued 57 52
Additional paid-in capital 1,222,271 1,069,639
Accumulated other comprehensive income 117 3
Accumulated deficit (966,727) (844,204)
TOTAL STOCKHOLDERS’ EQUITY 255,718 225,490
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 576,181 $ 340,287