XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 33,313 $ 35,412
Marketable securities 161,799 182,750
Accounts receivable 0 2,500
Unbilled accounts receivable 802 1,137
Prepaid expenses and other current assets 4,150 4,199
Total current assets 200,064 225,998
Property and equipment, net 7,888 7,368
Operating lease right-of-use assets 10,388 0
Restricted cash 1,092 1,092
Other assets 816 542
Total assets 220,248 235,000
Current liabilities:    
Accounts payable 6,003 4,788
Accrued expenses and other current liabilities 6,939 9,231
Deferred revenue, current portion 2,920 4,711
Operating Lease Liability, current 2,426 0
Deferred lease incentive, current portion 0 469
Total current liabilities 18,288 19,199
Operating lease liability, excluding current portion 12,800 0
Deferred lease incentive, excluding current portion 0 2,582
Deferred revenue, excluding current portion 0 1,680
Total liabilities 31,088 23,461
Commitments and contingencies (Note 13)  
Stockholders’ equity:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.001 par value; 200,000,000 shares authorized; 40,684,025 and 40,636,398 shares issued as of March 31, 2022 and December 31, 2021, respectively; 40,683,605 and 40,626,224 shares outstanding as of March 31, 2022 and December 31, 2021, respectively 41 41
Treasury stock, at cost; no shares as of March 31, 2022 and December 31, 2021 0 0
Additional paid-in capital 518,604 514,362
Accumulated other comprehensive loss (1,090) (397)
Accumulated deficit (328,395) (302,467)
Total stockholders’ equity 189,160 211,539
Total liabilities and stockholders’ equity $ 220,248 $ 235,000