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CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 22,534 $ 34,091
Marketable securities 268,672 300,514
Restricted cash 1,706 1,706
Prepaid expenses and other current assets 4,069 3,684
Total current assets 296,981 339,995
Property and equipment, net 15,819 12,090
Other assets 3,278 4,083
Total assets 316,078 356,168
Current liabilities:    
Accounts payable 186 1,861
Accrued liabilities 3,754 4,871
Deferred rent, current portion 134 215
Term loan, current portion 1,667 1,667
Deferred revenue, current portion   6,428
Total current liabilities 5,741 15,042
Deferred rent, net of current portion 776 359
Term loan, net of current portion 2,222 3,333
Deferred revenue, net of current portion   15,950
Total liabilities 8,739 34,684
Stockholders’ equity    
Preferred stock; par value of $0.001 per share, 10,000,000 shares authorized at September 30, 2020 and December 31, 2019. No shares issued and outstanding at September 30, 2020 and December 31, 2019
Common stock, par value of $0.001 per share; 100,000,000 shares authorized at September 30, 2020 and December 31, 2019, 27,553,089 and 27,499,260 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 28 27
Additional paid-in capital 408,189 402,529
Accumulated other comprehensive income (loss) 1,298 (38)
Accumulated deficit (102,176) (81,034)
Total stockholders’ equity 307,339 321,484
Total liabilities, preferred stock and stockholders’ equity $ 316,078 $ 356,168