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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 61,536 $ 65,126
Investments 2,404 29,690
Prepaid expenses and other current assets 5,847 3,588
Accounts receivable 2,929 1,785
Total current assets 72,716 100,189
Property and equipment, net 16,305 19,495
Operating lease assets 10,257 11,356
Restricted investments 1,400 1,400
Total assets 100,678 132,440
Current liabilities:    
Accounts payable 4,163 4,859
Accrued expenses and other current liabilities 10,604 10,884
Operating lease liabilities 4,788 4,456
Deferred revenue - related party 19,040 20,960
Deferred revenue 5,653 4,834
Total current liabilities 44,248 45,993
Note payable, net of discount 24,863 24,648
Operating lease liabilities, net of current portion 13,181 15,676
Deferred revenue, net of current portion - related party 80,383 89,111
Deferred revenue, net of current portion 2,826 4,834
Other long-term liabilities 752 502
Total liabilities 166,253 180,764
Commitments and contingencies (Note 11)
Stockholders’ deficit:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at June 30, 2020 and December 31, 2019; no shares issued and outstanding at June 30, 2020 and December 31, 2019
Common stock, $0.001 par value; 200,000,000 shares authorized at June 30, 2020 and December 31, 2019; 75,131,834 and 70,143,252 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 75 70
Additional paid-in capital 434,593 411,255
Accumulated other comprehensive income 1  
Accumulated deficit (500,244) (459,649)
Total stockholders’ deficit (65,575) (48,324)
Total liabilities and stockholders’ deficit $ 100,678 $ 132,440