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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 104,416,000 $ 217,431,000
Short-term investments 84,233,000 0
Prepaid expenses and other current assets 3,003,000 2,133,000
Total current assets 191,652,000 219,564,000
Property and equipment, net 36,153,000 37,002,000
Right-of-use assets 5,618,000 5,897,000
Restricted cash 1,274,000 1,274,000
Total assets 234,697,000 263,737,000
Current liabilities:    
Accounts payable 4,878,000 4,722,000
Accrued expenses and other liabilities 5,423,000 9,803,000
Operating lease liabilities 2,323,000 2,501,000
Deferred revenue 5,184,000 5,632,000
Total current liabilities 17,808,000 22,658,000
Non-current liabilities:    
Operating lease liabilities, net of current portion 12,498,000 12,941,000
Deferred revenue, net of current portion 3,562,000 32,143,000
Total liabilities 33,868,000 67,742,000
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively
Common stock, $0.0001 par value; 200,000,000 shares authorized; 50,487,649 and 50,268,666 shares issued as of March 31, 2021 and December 31, 2020, respectively; and 50,485,569 and 50,265,575 shares outstanding as of March 31, 2021 and December 31, 2020, respectively 5,000 5,000
Additional paid-in capital 530,288,000 524,358,000
Accumulated other comprehensive loss (23,000)  
Accumulated deficit (329,441,000) (328,368,000)
Total stockholders’ equity 200,829,000 195,995,000
Total liabilities and stockholders' equity $ 234,697,000 $ 263,737,000