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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 159,820 $ 171,082
Short-term investments 0 12,592
Accounts receivable, net of allowance for doubtful accounts of $589 and $75 at March 31, 2020 and December 31, 2019, respectively 20,770 7,879
Inventory, net 19,230 15,659
Prepaid expenses and other current assets 4,245 4,468
Total current assets 204,065 211,680
Property and equipment, net 5,406 3,047
Intangible asset, net 282 311
Other assets 7,626 4,784
Total assets 217,379 219,822
Current liabilities    
Accounts payable 7,440 5,882
Accrued liabilities 3,110 2,174
Accrued compensation and benefits 3,503 3,375
Operating lease liability, current portion 794 602
Debt, current portion 5,000 0
Total current liabilities 19,847 12,033
Operating lease liability, net of current portion 9,485 4,450
Debt, net of unamortized debt issuance costs, net of current portion 15,571 20,336
Total liabilities 44,903 36,819
Stockholders’ equity    
Preferred stock, par value $0.0001 per share; 10,000,000 shares authorized, no shares issued and outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock, par value $0.0001, 50,000,000 shares authorized at March 31, 2020 and December 31, 2019; 34,510,662 and 34,110,995 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 3 3
Additional paid-in capital 367,278 363,012
Accumulated deficit (194,200) (179,584)
Accumulated other comprehensive loss (605) (428)
Total stockholders’ equity 172,476 183,003
Total liabilities and stockholders’ equity $ 217,379 $ 219,822