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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 41,899 $ 54,539
Investments 145,174 138,704
Prepaid expenses and other current assets 5,188 5,126
Total current assets 192,261 198,369
Property and equipment, net 36,089 36,125
Long-term investments 15,099 36,752
Restricted cash 1,401 1,400
Total assets 244,850 272,646
Current liabilities:    
Accounts payable 5,636 7,587
Accrued expenses and other current liabilities 9,550 10,812
Deferred revenue - related party 12,058 12,058
Total current liabilities 27,244 30,457
Lease incentive obligation, net of current portion 10,295 10,730
Deferred rent 2,117 2,072
Deferred revenue, net of current portion - related party 93,741 96,756
Total liabilities 133,397 140,015
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at March 31, 2017 and December 31, 2016; no shares issued and outstanding at March 31, 2017 and December 31, 2016
Common stock, $0.001 par value; 200,000,000 shares authorized at March 31, 2017 and December 31, 2016; 40,386,878 and 40,355,753 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 40 40
Additional paid-in capital 311,229 306,931
Accumulated other comprehensive income (151) (149)
Accumulated deficit (199,665) (174,191)
Total stockholders’ equity 111,453 132,631
Total liabilities and stockholders’ equity $ 244,850 $ 272,646