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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 46,213,413 $ 51,574,932
Short-term investments 70,519,061 78,083,604
Prepaid expenses and other current assets 3,672,428 1,944,751
Total current assets 120,404,902 131,603,287
Property and equipment, net 3,828,104 3,154,205
Deferred offering costs 3,072,558 1,000,262
Restricted cash 1,772,587 1,772,587
TOTAL ASSETS 129,078,151 137,530,341
CURRENT LIABILITIES:    
Accounts payable 3,776,474 2,538,057
Accrued expenses and other liabilities 2,258,037 2,860,025
Deferred rent   122,601
Deferred revenue 3,407,555 3,341,063
Total current liabilities 9,442,066 8,861,746
NON-CURRENT LIABILITIES:    
Deferred rent, net of current portion 1,552,358 290,923
Deferred revenue, net of current portion 29,846,448 30,069,563
Total liabilities 40,840,872 39,222,232
COMMITMENTS (NOTE 7)
CONVERTIBLE PREFERRED STOCK:    
Total convertible preferred stock 137,762,160 137,762,160
STOCKHOLDERS’ DEFICIT:    
Common stock, $0.0001 par value; 170,000,000 shares authorized as of March 31, 2018 and December 31, 2017; 2,928,313 and 2,902,109 shares issued as of March 31, 2018 and December 31, 2017, respectively; and 2,697,352 and 2,637,011 shares outstanding as of March 31, 2018 and December 31, 2017, respectively 270 264
Additional paid-in capital 1,264,652 799,859
Accumulated other comprehensive loss (86,165) (73,308)
Accumulated deficit (50,703,638) (40,180,866)
Total stockholders’ deficit (49,524,881) (39,454,051)
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT 129,078,151 137,530,341
Series A Convertible Preferred Stock    
CONVERTIBLE PREFERRED STOCK:    
Total convertible preferred stock 42,994,550 42,994,550
Series B Convertible Preferred Stock    
CONVERTIBLE PREFERRED STOCK:    
Total convertible preferred stock $ 94,767,610 $ 94,767,610