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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 192,689 $ 135,173
Restricted cash 873 460
Prepaid expenses and other current assets 2,959 152
Total current assets 196,521 135,785
Property and equipment, net 12,329 11,407
Other assets 4,200 436
Total assets 213,050 147,628
Current liabilities:    
Accounts payable 1,990 2,483
Accrued liabilities 2,171 2,411
Deferred rent, current portion 6 28
Term loan, current portion 833 387
Deferred revenue, current portion 6,524 4,989
Total current liabilities 11,524 10,298
Deferred rent, net of current portion 322 242
Term loan, net of current portion 4,167 73
Deferred revenue, net of current portion 18,442 21,736
Total liabilities 34,455 32,349
Commitments and contingencies (Note 6)
Redeemable preferred stock:    
Total redeemable preferred stock   162,223
Stockholders’ equity (deficit):    
Preferred stock; par value of $0.001 per share, 10,000,000 and 0 shares authorized at June 30, 2019 and December 31, 2018. No shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively
Common stock, par value of $0.001 per share; 100,000,000 and 158,745,671 shares authorized at June 30, 2019 and December 31, 2018, respectively, 22,714,765 and 1,374,812 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 23 11
Additional paid-in capital 240,245 342
Accumulated deficit (61,673) (47,297)
Total stockholders’ equity (deficit) 178,595 (46,944)
Total liabilities, preferred stock and stockholders’ equity (deficit) $ 213,050 147,628
Series A Preferred Stock    
Redeemable preferred stock:    
Total redeemable preferred stock   71,000
Series B Preferred Stock    
Redeemable preferred stock:    
Total redeemable preferred stock   $ 91,223