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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 115,128 $ 36,308
Marketable securities 26,048 121,140
Accounts receivable   25,000
Prepaid expenses and other current assets 4,011 2,719
Total current assets 145,187 185,167
Property and equipment, net 3,690 4,171
Operating lease right-of-use asset 3,924 4,447
Restricted cash 2,498 2,498
Other long-term assets 1,061 98
Total assets 156,360 196,381
Current liabilities:    
Accounts payable 2,680 1,130
Accrued expenses 8,233 9,610
Operating lease liability 1,272 1,135
Deferred revenue 20,362 20,923
Other current liabilities 20 16
Total current liabilities 32,567 32,814
Long-term portion of operating lease liability 3,490 4,168
Other long-term liabilities 9 9
Long-term portion of deferred revenue 38,120 46,489
Total liabilities 74,186 83,480
Commitments and contingencies (Note 7)
Stockholders' equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at June 30, 2020 and December 31, 2019; no shares issued and outstanding at June 30, 2020 and December 31, 2019
Common stock, $0.001 par value; 150,000,000 shares authorized and 29,874,687 shares issued and outstanding as of June 30, 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 276,294 270,682
Accumulated other comprehensive income 49 37
Accumulated deficit (194,199) (157,848)
Total stockholders' equity 82,174 112,901
Total liabilities and stockholders' equity $ 156,360 $ 196,381