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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 65,126,000 $ 85,820,000
Investments 29,690,000 0
Prepaid expenses and other current assets 3,588,000 6,845,000
Accounts receivable 1,785,000  
Total current assets 100,189,000 92,665,000
Property and equipment, net 19,495,000 26,294,000
Operating lease assets 11,356,000  
Restricted investments 1,400,000 1,400,000
Restricted cash   113,000
Total assets 132,440,000 120,472,000
Current liabilities:    
Accounts payable 4,859,000 6,415,000
Accrued expenses and other current liabilities 10,884,000 15,207,000
Operating lease liabilities 4,456,000  
Deferred revenue - related party 20,960,000 20,419,000
Deferred revenue 4,834,000  
Total current liabilities 45,993,000 42,041,000
Note payable, net of discount 24,648,000  
Operating lease liabilities, net of current portion 15,676,000  
Lease incentive obligation, net of current portion   6,776,000
Deferred rent   2,216,000
Deferred revenue, net of current portion - related party 89,111,000 116,840,000
Deferred revenue, net of current portion 4,834,000  
Other long-term liabilities 502,000 644,000
Total liabilities 180,764,000 168,517,000
Commitments and contingencies (Note 14)
Stockholders’ (deficit):    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2019 and 2018; no shares issued and outstanding at December 31, 2019 and 2018
Common stock, $0.001 par value; 200,000,000 shares authorized at December 31, 2019 and 2018; 70,143,252 and 40,936,735 shares issued and outstanding at December 31, 2019 and 2018 70,000 41,000
Additional paid-in capital 411,255,000 341,284,000
Accumulated deficit (459,649,000) (389,370,000)
Total stockholders’ deficit (48,324,000) (48,045,000)
Total liabilities and stockholders’ deficit $ 132,440,000 $ 120,472,000