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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 96,713 $ 72,797
Prepaid expenses and other current assets 3,370 1,298
Total current assets 100,083 74,095
Property and equipment, net 9,205 10,546
Restricted cash 1,092 1,092
Other assets 59 38
Total assets 110,439 85,771
Current liabilities:    
Accounts payable 2,186 1,263
Accrued expenses and other current liabilities 5,496 2,497
Deferred lease incentive, current portion 469 469
Deferred revenue, current portion 3,989  
Total current liabilities 12,140 4,229
Deferred rent, excluding current portion 1,559 1,402
Deferred lease incentive, excluding current portion 3,521 3,990
Deferred revenue, excluding current portion 6,011  
Other liabilities, excluding current portion 55 150
Total liabilities 23,286 9,771
Commitments and contingencies (Note 11)
Stockholders’ equity (deficit):    
Preferred stock, $0.001 par value; 5,000,000 shares authorized as of December 31, 2019; no shares issued or outstanding as of December 31, 2019
Common stock, $0.001 par value; 200,000,000 and 135,000,000 shares authorized as of December 31, 2019 and December 31, 2018, respectively; 23,335,514 and 2,791,764 shares issued as of December 31, 2019 and December 31, 2018, respectively; 22,654,444 and 1,587,953 shares outstanding as of December 31, 2019 and December 31, 2018, respectively 23 2
Additional paid-in capital 237,931 4,452
Accumulated deficit (150,801) (68,124)
Total stockholders’ equity (deficit) 87,153 (63,670)
Total liabilities, convertible preferred stock, and stockholders’ equity (deficit) $ 110,439 85,771
Series A Convertible Preferred Stock    
Current liabilities:    
Convertible preferred stock   59,909
Series B Convertible Preferred Stock    
Current liabilities:    
Convertible preferred stock   $ 79,761