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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 95,434 $ 36,308
Marketable securities 65,214 121,140
Accounts receivable   25,000
Prepaid expenses and other current assets 3,525 2,719
Total current assets 164,173 185,167
Property and equipment, net 4,013 4,171
Operating lease right-of-use asset 4,188 4,447
Restricted cash 2,498 2,498
Other long-term assets 830 98
Total assets 175,702 196,381
Current liabilities:    
Accounts payable 2,229 1,130
Accrued expenses 7,376 9,610
Operating lease liability 1,203 1,135
Deferred revenue 16,273 20,923
Other current liabilities 19 16
Total current liabilities 27,100 32,814
Long-term portion of operating lease liability 3,832 4,168
Other long-term liabilities 14 9
Long-term portion of deferred revenue 46,109 46,489
Total liabilities 77,055 83,480
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at March 31, 2020 and December 31, 2019; no shares issued and outstanding at March 31, 2020 and December 31, 2019
Common stock, $0.001 par value; 150,000,000 shares authorized and 29,833,174 shares issued and outstanding as of March 31, 2020; 150,000,000 shares authorized and 29,792,922 shares issued and outstanding as of December 31, 2019 30 30
Additional paid-in capital 273,301 270,682
Accumulated other comprehensive income 234 37
Accumulated deficit (174,918) (157,848)
Total stockholders' equity 98,647 112,901
Total liabilities and stockholders' equity $ 175,702 $ 196,381